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HomeMy WebLinkAbout6.2 DublinRch Area A-H CITY CLERK File # D~!aJ¡a]-~[Q] -- AGENDA STATEMENT CITY COUNCIL MEETING DATE: June 21, 2005 SUBJECT: ATTACHMENTS: RECOMMENDATION: 1. #2. ~ 3. . 4. 5. 6. e FINANCIAL STATEMENT: PROJECT DESCRIPTION: PUBLIC HEARING: PA 05-023 Amendment to the Master Development Agreement for The Dublin Ranch Project (Areas A through H) submitted by James Tong on behalf of the Lin Family - Chang Su-Q (aka Jennifer) Lin, Hong Lien (aka Frederic or Frederich) Lin, and Hong Yao (aka Kevin) Lin - 2nd Hearing rvI./" Report Prepared by: Milœ Porto, Consulting Planner ~ 1. I Draft Ordinance aþproving an Amendment to the Master Development Agreement (PA 05-023) for The Dublin Ranch Project (Areas A, B, C, D, E, P, G, and H) with the Amendment attached as Exhibit A. Open Public Hearing Receive Staff Presentation Receive Public Testimony Close Public Hearing Deliberate Waive the reading and adopt the Ordinance (Attachment I) approving an Amendment to the Master Development Agreement for The Dublin Ranch Project (Areas A, B, C, D, E, F, G and H) between the City of Dublin and the Lin Family with the Amendment attached as Exhibit A. No financial impact. Planning for the development of land within the Eastern Dublin Specific Plan Area anticipated phasing from rural to suburban through the review process and execution of development agreements between the City of Dublin and the property owners within the area. The area is characterized by a few large landholdings in the possession of a few owners. Two of the largest are the Alameda County Surplus Property Authority (ACSPA) and .the United States Govenunent. A third large land holder includes members of the Lin Family whose properties are known as Dublin Ranch. As these owners are not in the development business, the property has been passing to developers for sale with the intention of new residential, cornmerci!tl,or industrial constrnction in accordance with the Specific Plan. Development Agreements, as allowed by State law, have been established as method of implementing the Eastem Dublin Specific Plan and required for new development within Area. Since 1999, a Master Development Agreement and number of other Development Agreements have been executed for the ~ - _._-~--~~ COPIES TO: Applicant(s) Property Owners PA file 6.Z ITEM NO. _ e g: planning/paOS..()23Ioo" 1'0+ Dublin Ranch properties. As the property owner, the Lin Family members, in various combinations, have been the "Developer" party to these Development Agreements with the City of Dublin. The Development Agreement establishes the type of development and allows the City to obtain or secure the constrnction and maintenance of public facilities and amenities in exchange for the vesting of rights to develop the land in accordance with the Specific Plan, the General Plan, and the approved Planned Development _ zoning, along with other terms as agreed upon. While the Development Agreement holds the property _ owners responsible for compliance with the Development Agreement, it also allows for the assignment or transfer for compliance with the Development Agreement to another party or subsequent land owner with the City's consent. The Development Agreement applicable to the proposed Amendment is: . Master Development Agreement for The Dublin Ranch Project (Areas "A, B, C, D, E, F, G and H") which has an effective date of June 29, 1999 - The "Developer" is identified as: 1) Chang Su-O Lin (aka Jennifer Lin), 2) Hong Lien Lin (aka Frederic or Frederich Lin), and 3) Hong Yao Un (aka Kevin Un). The cover page of the two Development Agreements shows the party to the Agreement as "The Lin Family." A Development Agreement addressed by the proposed Amendment to implement. the Master Development Agreement is: . Dublin Ranch-Fairway Ranch Development Agreement which has an effective date of August 15, 2003 - Within this Development Agreement, only two of the Lin Family members were included as parties to the Development Agreement: I) Chang Su-O Lin (aka Jennifer Lin), and 2) Hong Yao Lin (aka Kevin Un). This Development Agreement essentially functions as a Master Development Agreement for the 24.78-acre area within Dublin Ranch known as Pairway Ranch. ANALYSIS: The proposed Amendment would apply to the Master Development Agreement for the Dublin Ranch. Amendments to the DevelopmenfAgreement by mutual consent are addressed in Chapter 8.56 of the City of Dublin Municipal Code, Section 25 of the Master Development Agreement for The Dublin Ranch Proj oct. e Fairway Ranch is located within Area B of the greater 1,119-acre Dublin Ranch. The primary purpose of the residential development within Fairway Ranch is to satisfy compliance with the City's Inclusionary Zoning Ordinance (Municipal Code Chapter 8.68) for the 2,655 residential units to be developed under The Dublin Ranch Project Master Development Agreement (Areas A through H). The purpose of the City's Inclusionary Zoning Regulations is to enhance the public welfare and assure that further housing development contributes to the attainment of the City's housing goals by increasing the production of residential units affordable by households of very-low, low, and moderate income as defined by the State. Fairway Ranch is segmented into three development parcels (created by Tract No. 7453), each having a separate corresponding Component Development Agreement applicable to the following residential type: Senior Citizen housing, Multifamily (rental) housing, and Condominium (for-sale) housing Other development areas within Dublin Ranch, but outside ofPairway Ranch, could be allocated or draw credit from the "affordable" housing clustered within this development.. The following key points are included in the proposed Amendment: 2~q· . Comoliance with and Allocation of Credit for .Affordable Housing Units - Of the 930 units to be developed in Fairway Ranch, the Fairway Ranch Development Agreement establishes the required minimum number of 587 units to be developed and maintained as affordable for a period not less than 55 years. The Agreement addresses the number of affordable units applicable to the Fairway Ranch Project, itself. The proposed Amendment will incorporate these provisious of the Fairway Ranch Development Agreement into the Master Development agreement. Commercial Linkage Fee/Non-Residential Affordable Housinl! Fee - The Fairway Ranch Development Agreement provides that the commercial property developed in accordance with the Master Development Agreement will be exempt from the Non-Residential Affordable Housing Fee. The proposed Amendment would incorporate that exemption into the Master Development Agreement. Park Land - Section 17 of the Master Development Agreement establishes the requirements for 52 acres of park land dedication and development within Dublin Ranch, including 44.5 acres of Community Park land and 7.5 acres of additional park land. The proposed Amendment would provide that once the provisions of Section 17 are satisfied, the parties will. execute a document to that effect. Although the City and the Lins entered into an agreement recently regarding the community park to be constrncted in this area, that agreement does not itself satisfy the provisions of Section 17, but specifies how those provisions will be satisfied. The proposed Amendment (Exhibit A) has been prepared by the City Attorney and executed by the Lins. State law requires three public hearings for the approval or amendment of a Development Agreement. The first public hearing is before the Planning Commission for a recommendation to the City Council. . S.ince Development Agreements are adopted and amended by ordinance, approval requires a first and second reading before the City Council and would become effective 30 days thereafter. ENVIRONMENTAL REVIEW: Pursuant to the California Environmental Quality Act (CEQA), Staff has prepared an Initial Study and determined that the Amendment is within the scope and determination applicable to the Development Agreements when previously approved and that no additional impacts would result from its approval. The environmental impacts of the previously approved Development AgreeD1ents were addressed by the Final Program EIR for the Eastem Dublin General Plan Amendment and Specific Plan (SCG#91- 103064), including all Supplements and Addenda. Planning Commission Action: On May 24,2005, the Planning Commission reviewed the proposed Ordinance with the attached Amendment and unanimously recommended that the Council adopt the Ordinance approving the proposed Amendment to the Master Development Agreeinent. City Council Action: On June 7,2005, the City Council reviewed the proposed Ordinance with the attached Amendment and introduced the Ordinance approving the proposed Amendment to the Master Development Agreement. . CONCLUSION: . Approval of the proposed Amendment to the Master Development Agreement will Implement provisions of the Eastern Dublin Specific Plan and update the requirements for consistency with past and current 3úbf approvals. The proposed Amendment is consistent with both the General Plan and the Eastern Dublin Specific Plan. RECOMMENDATION: Staff recommends the City Council open the Public Hearing, receive Staff presentation, receive public . testimony, deliberate, close the public hearing, and waive the reading and adopt the Ordinance approving an Amendment to the_Master Development Agreement for The Dublin Ranch Project (Areas A, B, C, D, E, F, G and H between the City of Dublin and the Lin Family with the Amendment attached as Exhibit A. 4"ö+ . . I~~{) . ORDINANCE NO. - 05 AN ORDINANCE OF THE CITY COUNCIL OF THE CTIY OF DUBLIN ***************************** APPROVING AN AMENDMENT TO THE MASTER DEVELOPMENT AGREEMENT FOR PA 05-023 THE DUBLIN RANCH PROJECT (AREAS A, B, C, D, E, F, G AND H) JAMES TONG ON BEHALF OF THE LIN FAMILY THE CITY COUNCIL OF THE CITY OF DUBLIN DOES HEREBY ORDAIN AS FOLLOWS: Section 1. RECITALS A. On June 29, 1999, the City Council of the City of Dublin adopted Ordinance _-99 approving a Master Development Agreement ("Master DA") between the City of Dublin and; I) Chang Su-O Lin (aka Jennifer Lin), 2) Hong Lien Lin (aka Frederic or Frederich Un), and 3) HongYao Lin (aka Kevin Lin), hereinafter referenced as "The Lin Pamily" and identified as "Developer" for the project known as The Dublin Ranch Project (Areas A, B, C, D, E, F, G & H). B. The Master DA is recorded as instrnment No. 99251790 in the official records of the Clerk-Recorder of Alameda County with an Effective Date of June 29, 1999. C. The Dublin Ranch Project (Areas A, B, C, D, E, F, G & H) is located within the .boundaries of the Eastern Dublin Specific Plan ("Specific Plan") in an area which is designated on the General Plan Land Use Element Map and Eastern Dublin Specific Plan Land Use Map. D. An Amendment to the Master DA has been presented to the City Council attached hereto as Exhibit A, E. Pursuant to the California Environmental Quality Act (CEQA), CEQA Guidelines Section 15182, an Initial Study was prepared and a determination was made that the Amendment is within the scope of the Final Program Environmental Impact Report for the Eastern Dublin General Plan Amendment and Specific Plan, which was certified by the City Council by Resolution No. 51-93, the Addenda dated May 4, 1993 and August 22, 1994 (the "EIR"), (SCG#91-103064), including all Supplements and Addenda, and the determination applicable to the approval of the Master DA and subsequent Development Agreements when previously approved. A determination on the Initial Study was made that no additional impacts would result from approval of the Amendment to the Master DA. P. On May 24, 2005, a public hearing on the proposed Amendment to the Master DA was held before the Planning Commission for which public notice was given as provided by law. G. The Planning Commission, by Resolution No.05-31 made its recommendation to the City Council for approval of the Amendment to the Master DA. H. A public hearing on the proposed Amendment to the Master DA was held before the City .council on June 7, 2005 and June 21, 2005, for which p~blic notice was give~ as provided by law. /; '2'/',,, 06 ((II {)... ATTACHMENT I 2öJ.j.eD 1. The City Council has considered the recommendation of the Planning Commission including the reasons for its recommendation, the Agenda Statement, all comments received in writing, and all testimony received at the public hearing. Section 2. FINDINGS AND DETERMINATIONS · Therefore, on the basis of (a) the foregoing Recitals which are incorporated herein, (b) the City of Dublin's General Plan, (c) the Eastern Dublin General Plan Amendment, (d) the Specific Plan, (e) the EIR, (f) the Initial Study, (g) the Addenda, and (h) the Agenda Statement, and on the basis of the specific conclusions set forth below, the City Council finds and detennines that: 1. The Amendment to the Master DA is consistent with the objectives, policies, general land uses and programs specified and contained in the City's General Plan, as amended by the Eastern Dublin General Plan Amendment, and in the Specific Plan in that (a) the General Plan and Specific Plan land use designations and the proposed project is consistent with that land use, (b) the project is consistent with the fiscal policies of the General Plan and Specific Plan with respect to provision of infrastructure and public services, and (c) the Development Agreement, as amended, includes provisions relating to vesting of dèvelopment rights, and similar provisions set forth in the Specific Plan. 2. The Amendment to the Master DA is compatible with the uses authorized in, and the regulations prescribed for, the land use districts in which the real property is located in that the project approvals have included a number of subsequent Development Agreements, Stage 1 Development Plans, Stage 2 Development Plans, Site Development Reviews and Permits, and Vesting Tentative Maps intended to implement the project described in the Master DA. 3. The Amendment to the Master DA is in conformity with public convenience, general welfare, and good land use policies in that it aiso will implement land use guidelines set forth in the Specific Plan and the General Plan for the land uses and open space as approved. · 4. The Amendment to the Master DA will not be detrimental to the health, safety and general welfare in that the project will proceed in accordance with all the programs and policies of the Eastern Dublin Specific Plan. 5. The Amendment to the Master DA will not adversely affect the orderly development of property or the preservation of property values in that the project will be consistent with the General Plan and with the Specific Plan. Section 3. APPROVAL The City Council hereby approves the Amendment to the Master DA (Exhibit A) and authorizes the Mayor to sign. Section 4. RECORDATION Within ten (10) days after the Amendment to the Master DA is fully executed by all parties, the City Clerk shall submit it to the County Recorder for recordation. Section 5. EFFECTIVE DATE AND POSTING OF ORDINANCE · This Ordinance shall take effect and be in force thirty (30) days from and after the date of its passage. The City Clerk of the City of Dublin shall cause the Ordinance to be posted in at least three (3) 2 ~q¡.,D public places in the City of Dublin in accordance with Section 36933 of the Government Code oftbe State of California. . PASSED AND ADOPTED BY the City Council of the City of Dublin, on this 21'" day of June 2005, by the following votes: AYES: NOES: ABSENT: ABSTAIN: Mayor ATTEST: City Cle1"k g; p¡anninglpn05-023/ordinance e . 3 -.: .... '. !.\ " ,. \ City of Dublin When Recorded Mail To: City Clerk City of Dublin 100 Civic Plaza Dublin, CA 94568 4 Oò úl) . Space above this line for Recorder's Use AMENDMENT TO MASTER DEVELOPMENT AGREEMENT BETWEEN THE CITY OF DUBLIN AND THE LlN FAMILY FOR THE DUBLIN RANCH PROJECT (Areas A, S, C, D. E, F, G and H and "Wallis Ranch") EXHU~lt A . e e · · · 5; t>b (.,1) TABLE OF CONTENTS Section 1. ...................................................................,..................................................................... ....-........ 3 Section 2. ..... ........... ............ ....... ............ ..... ....... ........... .... ........... ......................... ........ .......... ......... ...... ....... 3 Section 3. Recitals .........................._........................................................................................................ 3 Section 4......... ..........._.... ...... ...................... ....... .............._............. ........-..................... ........... ............ ............ 4 Section 4.1 Effective Oate...........................................................·................·....·..................._-.......... 4 Section 4.2 Term ......_................................................................,....-...................-.-............... ............. 4 Section 5. Exemption from Incluslonal)' Zoning RegUlations for 2,655 Units..................·....................... 4 Section 6. Exemption from Commerciai Linkage Fee__................._................................·..··..-....·..·.......... 5 Section 7. Park Land.....................................................-.............................·........._.._...................,...........6 Section 8. Notices. .......... ................_._.. ....... ............ .................................... .............. ........ ......--.....--........ 6 Section 9. Exhibits....................... ......... ............ ....... .......... ..... ............... ........... .............. ............... .-......... 6 Section 10 Counterparts ................................................................................................................ .......-..-. 6 Section 11. Recordation ....._................................................................................................... ............... 6 Section 12. Amendment ......_.._._.................................................._.........................................................7 Amendment to Master Development Agreement for Publin Ranch Project Tabie of Contents April 5. 2005 659198~5 , ., I.Þ~~O THIS AMENDMENT TO MASTER DEVELOPMENT AGREEMENT is made and entered in the City of Dublin on this _ day of _. 2005, by and between the CITY OF . DUBLIN, a Municipal Corporation (hereafter"Crty"), and Chang Su-O-Lin (also known as Jennifer Lin), Hong Lien Un (also known as Frederic or Frederich Un) and Hong Yao Un (also known as Kevin Lin), (hereafter "Developer"), pursuant to the authority of §§ 65864 et seq. of the California Govemment Code and Dublin Municipal Code. Chapter 8,56. RECITALS A. City and Developer are parties to a development agreement entitled "Master Development Agreement Between the City of Dublin and The Un Family for the Dublin Ranch Project (Areas A, B,C, D, E, F, G and H)", which is dated May 18,1999, and was recorded on July 8,1999 at 99251790, which agreement was amended by the "Supplemental Development Agreement Between the City of Dublin and The Un Family for the Dublin Ranch Project (Areas F, G and H)", which is dated April 1 S, 2000 and recorded on November 3, 2000 at 2000335772 (hereafter together referred to as the "Master Development Agreement"); and B. Chang Su-O-Un (also known as Jennifer Un) and Hong Lien Lin (also known as Frederic or Frederlch Un) and City are parties to a development agreement entitled "Development Agreement Between the City of DubHn and Chang Su-O-Un and Hong Lien Un/Dublin Ranch/Fairway Ranch". dated July 15, 2003 and recorded on . December 16, 2003 at 2003728503 of the official records of Alameda CQUnty (hereafter the "Fairway Ranch Development Agreement", a copy of which is attached hereto as Exhibit 1); and C. The Master Development Agreement is applicable to the property in the City generally known as Areas A, B. C, D, E. F, G, and H and, Section 20 of such agreement is applicable to, the property known as the 'Wallis Property" or "Wallis Ranch." Fairway Ranch Development Agreement is applicable to a portion of the property generally known as Area B; and D. Developer has assigned all of its rights and obligationS under the Master Development Agreement for the lands known as Area Aand portions of Area G; and E. The parties desire to amend the Master Development Agreement to establish Developer's compliance with the Inclusionary Zoning Ordinance (Dublin Municipal Code Chapter 8.68) as set forth in the Fairway Ranch Development Agreement as to the property described in Exhibit E to the Fairway Ranch Development Agreement, which is described in that agreement, and referred to herein, as the "Affordable Unit Credit Property"; and Amendment to Master Development Agreement for Dublin Ranch Project Page 1 of 7 April 5, 2005 659198_5 . · · · 11; ..W; F. The parties also desire to allow the Developer to transfer "Affordable Unit Credits" earned under the Fairway Ranch Development Agreement to purchasers of all or portions of the property which is included within the "Affordable Unit Credit Property; and G. The parties further desire to set forth a method of documenting complian ce with Section 17 (entitled "Park Land") of the Master Development Agreement; and H. California Government Code §§ 65864 et seq. and Chapter 8.56 of the Dublin Municipal Code (hereafter "Chapter 8.56") authorize the CITY to enter into an Agreement for the development of real property with any person having a legal or equitable- interest in such property in order to establish certain development rights in such property; and I. DEVELOPER desires to develop and holds legal interest in certain real property located in the City of Dublin, County of Alameda, State of California, which Is more particularly described in Exhibit 2, which real property is hereafter called the "Un Property". J. DEVELOPER has applied for, and CITY has approved, various land use approvals in connection with the development of the portion of Area B which is subject to the Fairway Ranch Development Agreement, including: 1) for Areas B a General Plan and Specific Plan Amendment (Resolution No. 140-97), a PD District rezoning (Ordinance No. 24-97), general provisions for the PO District rezoning including the Land Use and Development Plan (Resolution No. 141-97), a Vesting Tentative Tract Map forTract 7453 (Planning Commission Resolution No. 03-31), and a density bonus of 186 units and Site Development Review (City Council Resolution No. 149-03) (collectively the "Fairway Ranch Project Approvals"); and K. The City Council has found that, among other things, this Amendment to Master Development Agreement is consistent with its General Plan and the Eastem Dublin Specific Plan and has been reviewed and evaluated in accordance with Chapter . 8.56; and L. Pursuant to the California Environmental Quality Act (CEQA), the City Council adopted Resolution No. 149-03, finding that the Fairway Ranch Project approvals are exempt from CEQA pursuant to Government Code §65457. In making such determination and determining that there are no supplemental impacts that would require preparation of a Supplemental EI R for the Faìrway Ranch Development Agreement or this Agreement which "is called for in the Fairway Ranch Development Amendment to Master Development Agreement for Dublin Ranch Project Page 201 7 April 5, 2005 659198_5 ~'ô {go Agreement, the City prepared an Initial Study which found that the environmental impacts of the Fairway Ranch Project approvals were addressed by the Negative . Declaration approved by the City Council by Resolution No. 140-97 for the Planned Development Rezoning for 453 acres of Dublin Ranch which includes the property subject to this amendment and the Fairway Ranch Project and the Environmental Impact Report for the Eastern Dublin General Plan Amendment and Specific Plan (SCH 91103064) which was certified by the Council by Resolution No. 51-93 and the Addenda dated May 4, 1993 and August 22, 1994 (collectively, the "EIR"). M. On , 2005, the City Council of the City of Dublin adopted Ordinance No. _ approving this Amendment to the Master Development Agreement (hereafter "Amendment to Master Development Agreement"). The ordinance took effect on , 2005. NOW, THEREFORE, with reference to the foregoing recitals and in consideration of the mutual promises, obligations and covenants herein contained, CITY and DEVELOPER agree to amend the Master Development Agreement as follows: AGREEMENT Section 1. Description of Propertv. The property which is the subject of this Amendment to Master Development Agreement is described in Exhibit 2 (the "Un Property"). The property shown on Exhibit . 2 as "Parcel B (former Wallis Property)" is not subject to Sections 6 and 7 of this Amendment to Master Development Agreement and remains subject only to Sections 20 of the Master Development Agreement. Section 2. Interest of Developer. The DEVELOPER has a legal or equitable interest in the Un Property, in that it owns the Un Property in fee simple. Section 3. Recitals. The foregoing Recitals are true and correct and shall be deemed to be a part of this Amendment to Development Agreement. .....-,--.--.,,'..-..-..... Amendment to Master Development Agreement for Dublin Ranch Project Page 3 of 7 April 5, 2005 659198_5 . · · · &fUb~D Section 4. Effective Date and Term. Section 4.1 Effective Date. The effective date of this Amendment to the Master Development Agreement shall be the effective date of Dublin City Council Ordinance No. _ Section 4.2 Term. This Amendment to the Master Development Agreement shall terminate as to Section 5 below upon the use or expiration of all "Affordable Unit Credits" issued pursuant to the Fairway Ranch Development Agreement. whichever occurs later, and as to Section 6 below upon the 30th anniversary of the effective date of the Fairway Ranch Development Agreement, as provided in Section 5.3.6(C) of Exhibit B of said agreement. Except as provided in the preceding sentence. this Amendment shall terminate when the Master Development Agreement terminates. Section 5. Exemption from Inclusionarv Zonlna Reoulations for 2~655 Units. Upon completion of the entire Fairway Ranch Project in accordance with the Fairway Ranch Development Agreement. DEVELOPER will have provided affordable units, as defined in City's Inclusionary Zoning Regulations (Exhibit C to the Fairway Ranch Development Agreement), in the following income categories: Multifamilv Component -90 moderate income units· -90 low income units -63 very low income units Senior Housino CorTtDonent --131 moderate income units -97 low income units ·-64 very low income units Condominium Component --52 moderate income units DEVELOPER will receive 332 "Affordable Unit Credits." as that term is defined in the Fairway Ranch DevelopmentAgreement upon completion of the entire Fairway Ranch Project. In accordance with the Fairway Ranch Development Agreement, the 332 Affordable Unit Credits can be used by Developer to comply with the Inclusionary ZOliing Regulations on the Affordable Unit Credit Property, as such regulations currently__ exist or as they may be hereafter amended, for a maximum of.2.655 units, notwithstanding the requirements of the Inclusionary Zoning Regulations as they Amendment to Master Development Agreement for Dublin Ranch Project Page 4 of 7 April 5, 2005 659198_5 {OBb {¡¡O \ I currently exist or as they may hereafter be amended as to the mix of the affordable units, number of bedrooms or concentrations of such units on the Affordable Unit Credit . Property. The Affordable Unit Credits must be used as provided in the Fairway Ranch Development Agreement. City shall determine the number of affordable units required for each residential development proposed for development on the Affordable Unit Credit Property at the earliest to occur of the time of tentative map approval, conditional use permit or site development review by reference to the Inclusionary Zoning Regulations attached as Exhibit C to the Fairway Ranch Development Agreement to determine the number of affordable units required for each such residential development and, provided Developer has a sufficient number of Affordable Unit Credit Certificates for the number of such required affordable units, City shall not require compliance with the Inclusionary Zoning Regulations for such development. The payment of in-lieu fees will not be allowed for ,any residential development project on the Affordable Unit Credit Property, If Developer has not earned or obtained Affordable Unit Credit Certificates in sufficient number to provide the required number of affordable units required for a proposed residential development on the Affordable Unit Credit Property, Developer shall be required to comply with the inclusionary zoning requirements then in effect prior to Site Development Review approval, including the requirement of section 8.68.050A ofthe inclusionaryZoning Regulations (Exhibit C to the Fairway Ranch Development Agreement) for an affordable housing agreement. Alternatively, Developer may withdraw Its application for Site Development Review approval until Developer has . sufficient Affordable Unit Credit Certificates to provide the required number of affordable units for the residential development project. All references in this Section 5 to "Developer" shall include persons or entities to whom Developer has conveyed or conveys any portion of the Affordable Unit Credit Property, it being the intention of the City and Developer that such persons or entities shall be entitled to the benefits and burdens of Sections 5.3.7.B(v) to (ix) of Exhibit B of the Fairway Ranch Development Agreement. Section 6. Exemption from Commercial Linkaae Fee. The property described in Exhibit F to the Fairway Ranch Development Agreement, shall be exempt from any commercial linkage or similar fee in the manner provided in Section 5.3.7(C) of Exhibit B of the Fairway Ranch Development Agreement. Amendment to Master Development Agreement for Dublin Ranch Project Page 5 of 7 April 5. 2005 659198_5 . · · · { lOb iÞ () Section 7. Park Land. Upon satisfaction of the provisions of Section 17 of the "Master Development Agreement Between the City of Dublin and The Lin Family for the Dublin Ranch Project (Areas A. S, C. D, E, F, G and H)", City and Developer will jointly execute an agreement or oth.er document indicating that Section 17 has been satisfied. The City Cierk shall maintain the original of such document. Section 8. Notices. Section 38 of the "Master Development Agreement Between the City of Dublin and The Lin Family for the Dublin Ranch Project (Areas A, B, C,D, E, F, G and H)" shall be amended by changing the persons to who notice shall be given to DEVELOPER. Hereafter, all notices required to be given to DEVELOPER shall be addressed as follows: Martin W. Inderbitzen 7077 Koll Center Pkwy, Suite 120 Pleasanton CA 94566 Section 9. Exhibits. The following documents are referred in this Agreement and are attached hereto and incorporated herein as though set forth in full: Exhibit 1 Fairway Ranch Development Agreement Exhibit 2 Legal Description of the Un Property Section 10 Counterparts. This Amendment to the Master Development Agreement is executed in two (2) duplicate. originals, each of which is deemed to be an original. Section 11. Recordation. CITY shall record a copy of this Amendment to within tan days following execution by all parties. Amendment to Master Development Agreement for DUblin Ranch Project Page 6 of 7 April 5, 2005 659198~5 . ~ \ /2UO&D Section 12. Amendment. · Except as set forth 'herein, the Master Development Agreement shall not be amended. IN WITNESS WHEREOF. the parties hereto have caused this Agreement to be executed as of the date and year first above written. CITY OF DUBLIN: By: Date: Janet Lockhart, Mayor ATTEST: By: Date: Kay Keck, City Clerk Approved as to Form: ~'iúU- ~~¡;¿ Elizabeth H. Silver, City Attorney · DEVELOPER: '~ ~/ H1!t ) Cha g Su-O·Un A~r (als known as Jennifer Un) ~~ ~, ,. /'."'",..../ ~.., -,C ~gA:::len Un '-..(---- (al5'O kn as Frederich Frederic Un) Date: Date: Amendment to Master '. Development Agreement for Dublin R,mch Project Page 7 of 1 April 5, 2005 659198_5 · · · · I ~6.ò /g "'. Approved as to Form: ./ W Marty Inderbitzen Attorney for Un Fami . ...-".-.-..-"....-. Amendment to Master Development Agreement for DUblin Ranch Project Page 8 of 7 April 5. 2005 659198_5 1400 t;D TAIWAN CITY OF TAIPEI AMERICAN INSTITUE IN T A1W AN, T AlPEI OFFICE ) City of T...,.., } ) ss. ::::..n In..itute 10 U Tal........ TaU>ei Offic« ) . Sri R. Kulkarni On Ap"'; 1?? 200S , before me, SlIeCial Notary (PL96-S) , personaJJy Lin, Hong-lien as attorney-in-fact of Lin Chang, Su-o; appeared Un. Hon~-Uen and Lin. Hon¡ Yao---- , p.r~II.H¡~I~, Y'¡;¡Bwn tll m. (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s)4sfflre subscribed to the within instrument and acknowledged to me that he/3!3.e/they executed the same in &s.lJaer.ltheÍI authorized capacity(ies), and that by k.js,~er/their signature(s) on the instrument, the person(s) or the entity upon behalf ofwhicb. the person(s) acted, executed the instrument. WITNESS my hand an official seal. e Public R. Kulkarni Sp..cial NotarJ' (PL96-8) Duly aIJpointed and qualified My commission expires 'J une 25, 2007 . REOO~Di'!8 P.F.C1l1EBTEO BY . FIRS~ ¡.MERIC~I¡;.r!1l..E. Orzq "'/f{).OSr Recording ...que",t.d by and when recorded, ",turn to: City of Dublin 100 Civic Plsz!l Dublin. CA 94568. Attn: City Clerk ,. - . . () ( ,.. A,; '.5.... J;f I, 'I"~ i . I , , , . ~'.¡.. ! i ~a ~c;s Spa"" .00v~ thlellOll for F(acord"r's U... RcCEIVEt:· .tM J 'j:'I¡ni), cm Of ~u¡':>dN DEVELOPMENT AGREEMENT BETWEEN THE CiTY OF DUBLIN AND Chang Su-O.Lin and Hong LIen Lin DUBLIN RANCH FAIRWAY RANCH . ....--.,,".-""'''.-. EXHIBIT "1" II..?UbÚ>D, I ' THIS DEVELOPMENT AGREEMENT (this "Agreement"), dated for reference purposes as of July 15, 2003, is entered, Into by and between the City . of Dublin, a Municipal Corporation ("City"), and Chang Su-O-Lin and Hong Lien Un ( collectively, the "Developer"), City and Developer are hereafter collectively referred to as the "Parties." RECITALS A California Government Code Section 65864 et seq. and Chapter 8.56 of the Dublin Municipal Code (hereafter "Chapter 8.56") authorize the City to enter into an agreement for the development of real property with any person having a le!; al or equitable interest in such property in order to establish certain development rights in such property, B. Developer holds legal Interest in certain reai property (the "Property") consisting of approximately 26.3 acres of land, iocated.ln the City of Dublin, County of Alameda, which property is designated as Parceis 1: 2 and 3 on Tentative Tract Map No. 7453 and which is more particularly described in Exhibit A attached hereto. Parcels 1. 2 and 3 may be described as Lots 1, 2 and 3, respectively, on Final Map 7453 and references Parcels 1, 2 and 3 shall be deemed to refer to Lots 1,2 and 3, respectively, on the Final Map for Tract 7453. C. The Dublin City Council ("City Council") adopted the Eastern Dublin Specific Plan ("Plan") by Resolution No. 53-93 which Plan is applicable to the Property and requires the developer of the Property to enter into a _ development agreement with City. ., 0, The Developer and City are parties to that certain Master Development Agreement between the City of Dublin and the Lln Family for the Dublin Ranch Project (Areas A. B, C, D, E. F, G and H) recorded July 8, 1999 in the Alameda County Official Records at 99251790 ("Master Development Agreement"). The Parties intend to enter into an amendment to the Master Development Agreement to establish Developer's compliance with the Inclusionary Zoning Ordinance (Dublin Municipal Code Chapter 8.68) as hereinafter set forth. ' E. Developer proposes to develop the Property in three phases. consisting of a total of 930 housing units. The phases are collectively hereinafter referred to as the "Project". The "Multifamily Component" of the development shall consist of 304 multi-family rental units, of which 243 units shall be affordable units available at affordable rents to households of very low, low and moderate-income pursuant to the City's Inclusionary Zoning Ordinance (Chapter 8.68). The "Senior Housing Component" of the developmer¡tshall consist of 322 mult¡·farnlly rental units for seniors, of which 292uriits shall be affordable units available at affordable rents to senior households of very low, low, and moderate-income pursuant to the City's Inclusionsry Zoning Ordinance (Chapter 8.68). Developer shall retain discretion as to the sequence of construction for the Multifamily Component and the Senior Housing Component. The third phase of the development ("Condominium Component") shall consist of 304 . condominium units, of which 52 shall be affordable units available at affordable Devell)pment Agreement Fairway Ranch Page 1 I)f 17 628317-14 - '. · · · II ao W;i condominium units, of which 52 shall be affordable units available at affordable cost to households of moderate-income pursuantto the City's Zoning Ordinance (Chapter 8.68). As more particularly described in the Affordable Housing Regulatory Agreements executed, or to be executed, by and between City and Developer and recorded concurrently herewith for Lots 1 and 2 ("Regulatory Agreements") and Conditions. Covenants and Restrictions (or deed restrictions) recorded concurrently herewith against the Property, the Developer and its successors In interest shall be required to maintain the affordabillty of the affordable units and the availability of such units to households of the specified income levels for not less than 55 years. F. Developer has applied for, and City has approved or is processing, various land use approvals in connection with the development of the Project, including Vesting Tentative Tract Map for Tract 7453 (Planning Commission Resolution No. 03-31), a density bonus of 186 units and site development review City Council Resolution No. 149-03 (collectively the "Project Approvals"). G. Developer is proposing that the affordable units referred to In Recital E will satisfy the Developer's obligation for compliance wIth the City's Inclusionary .Zoning Regulations (Dublin Municipal Code Chapter 8.68) for the . Project and for 2,655 units on the rest of Developer's property through affordabie unit credits which can be used on other properties owned by Developer and to otherwise satisfy the requirements of the Inclusionary Zoning Ordinance for this Project. H. Developer anticipates transferring Parcels 1, 2 and 3 of Tract 7453 to different legal entities. Developer and City are entering into separate development agreements to be recorded concurrentiy herewith for Parcel 1 (Senior Housing Component). Parcel 2 (Multifamily Component) and Parcel 3 (Condominium Component) which agreements include provisions identical to Sections 1 to 24 and 26 to 27 of this agreement and Sections 5.3; 1, 5.3.2, 5.3.4, 5.3.5 and 5.3.6 of Exhibit B (the "Component Development Agreements"). Developer and City anticipate that Developer may assign its rights and obligations under such separate development agreements to the purchasers or lessees of Parcels 1, 2 and 3. I. The Component Deveiopment Agreements are required by the Master Development Agreement, provided such Component Development Agreements do not impair any of deveioper's rights under the Master Development Agreement. J. The purpose of this Agreement is to provide for certain phasing of the Project; to establish credits for certain of the affordable units which. upon completion of the Project, will allow development of Developer's remaining property without compliance with the Incluslonary Zoning Ordinance in effect now or hereafter; and toestablísh a waiver of a potential commercial linkage fee for the benefit of property owned by Developer. Development Agreement Fairway Ranch Page 2 of 17 628317-14 . , \ 8ß:Q ltC> " "' K. City desires the timely, efficient, orderly and proper development of the Project, ahd City and Developer desire to facilitate development of the . Project in accordahce with and subject to the terms and conditions set forth herein, L. The City Council has reviewed and evaluated this Agreement in accordance with Chapter 8.56, and has found that this Agreement is consistent with the City's General Plan and the Eastern Dublin Specific Plan. M. Pursuant to the California Environmental Quality Act (CEQA), the City Council adopted Resolution No.. 149-03, finding that the Project is exempt from CEQA pursuant to Government Code §65457. In making such determination and determining that there are no supplemental Impacts that would require preparation of a Supplemental EIR, the City prepared an Initial Study which found that the environmental impacts of the Project were addressed by the Negative Declaration approved by the City Council by Resolution No. 140-97 for the Planned Development Rezoning for 453 acres of Dublin Ranch which includes the Property and the Project and the Environmental Impact Report for the Eastern Dublin General Plan Amendment and Specific Plan (SCH 91103064) which was certified by the Council by Resolution No. 51-93 and the Addenda dated May 4, 1993 and August 22. 1994 (collectively, the "EIR"), ' N. On July 15, 2003, the City Council adopted Ordinance No. 8-03 approving this Agreement. The ordinance took effect on August 15, 2003, . NOW, THEREFORE, with reference to the foregoing recitals and inconsideration of the mutual promises, obligations and covenants herein contained, City and Developer agree as follows, 1. Description of Propertv. The property which is the subject of this Development Agreement is described .in Exhibit A attached hereto ("Property"). 2. Interest of Developer. The Developer has a legal or equitable interest in,the Property in that it owns the Property in fee simple. 3. Relationship of City and Developer,___ It is understood that this Agreement is a contract that has been negotiated and voluntarily entered into by City and Developer and that the Developer is not an agent of City. The City and Developer hereby renounce the existence of any form of Joint venture or partnership between them, and agree that nothing contained herein or in any document executed in connection herewith shall be . . DevelopmentAgreement Fairway Ranch Page 3 of 17 628317-14 '. · · , , I '1 Ob(¡,¡) construed as making the City and Developer joint venturers or partners. 4. Effective Date and Term. 4.1 Effective Date. The effective date of this Agreement ("Effective Date") is August 15, 2003, which is the effective date of City Ordinance No. 8-03, adopting this Agreement. 4.2 Term. The term of this Agreement shall commence on the Effective Date and shall terminate on the fifth anniversary of such date, unless this Agreement is otherwise terminated or extended pursuant to the terms hereof, Notwithstanding anything to the contrary contained herein or In the Site Development Review approval: (i) the Site Development Review approval shail remain effective for five years following the Effective Date of this Agreement, and (ii) provided that certificates of occupancy have been issued for either the entire Multi-Family Component or the entire Senior Housing Component prior to expiration of the term of this Agreement. the Site Development Review approval (Resolution No.149-03) shall remain effective until the tenth anniversary of the Effective Date. 4.3 Optional Extension. Prior to the termination of this Development Agreement, as provided in Secti.on 4.2, Developer may extend the term of the Development Agreement. To do so, Developer shall give City written notice at least 90 days prior to the termination date of the Development Agreement. At the time Developer provides s.uch notice, Developer shall make a contribution to City in the amount of One Hundred Thousand Dollars ($100,000). Upon receipt of the notice and the contribution, the City Manager shall approve the extension and shall nottfy the Developer in writing that the term of the Development Agreement has been automatically extended for an additional one-year period, commencing on the date the Development Agreement would otherwise have terminated. The Developer may exercise its option to extend the Development Agreement no more than five times, for a maximum total term of the Development Agreement of ten years, The total contribution for the maximum extension offive years will be Five Hundred Thousand Dollars ($500.000). Notwithstanding anything to the contrary In this Section, if Developer has provjded the notice and contribution to extend one of the Component Development Agreements, Developer shall not be required to provide the $100,000 contribution to extend the term of this Development Agreement and this Agreement will automatically be extended to be coterminous with such Component Development Agreement. ... ....','...._..... 5. Use of the Property. 5.1 Richt to Develop. Developer shall have the vested right to develop the Project on the Property In accordance with the terms and conditIons of this Agreement, the Project Approvals, and any amendments to any of them as shall, · from time to time, be approved pursuant to this Agreement. Development Agreement Fairway Ranch Page 4 of 11 628317-14 , ' ' ~ ~~ ~~ , , , . 5.2 Permitted Uses. The permitted uses of the Property, the density and intensity of use, the maximum height, bulk and size of proposed buiidings, provisions for reservation or dedication of land for public purposes and location and maintenance af on-site and off-site improvements, location of public utilities (operated by City) and other terms and conditions of development applicabfe to the Property, shall be those set forth in this Agreement, the Project Approvals and any amendments to this Agreement or the Project Approvafs. 5.3 Additional Conditions. Provisions for the following ("Additional Conditions") are set forth in Exhibit B attached hereto. 5.3.1 Subsequent Discretionarv Approvals. Conditions, terms, restrictions, and requirements for subsequent discretionary actions. (These conditions do not affect Developer's responsibility to obtain all other land use approvals required by the ordinances of the City of Dublin and any other approvafs required by other regulatory agencies.) None 5.3.2 Mitiqation Conditions. Additional or modified conditions agreed upon by the Parties in order to eliminate or mitigate adverse environmental impacts of the Project or otherwise relating to developrnent of the Project. See Exhibit B ~ 5.3.3 Phasinq, Timinq. Provisions that the Project be constructed in specified phases, that construction shall commence within a specified time, and that the Project or any phase thereof be completed within a specified time. - See Exhibit B 5.3:4 Financina Plan. Financial plans which identify necessary capital improvements such as streets and utilities and sources of funding. See Exhibit B 5.3.5 Fees, Dedications. Terms relating to payment of fees or dedication of property. _ _ __See Exhibit B ___ __ .. 5.3.6 Reimbursement: Terms relating to subsequent reimbursement over time for financing of necessary pubtic facilities. See Exhibit B Development Agreement Page 5 of 17 Fairway Ranch ~ , 628317-14 , , . ~ ;...,. ~ ~ ~ ~~ 5.3.7 Miscellaneous. Miscellaneous terms. See Exhibit B 6. Applicable Rules, Requlations and Official Policies. 6.1 Rules Reqardinq Permitted Uses. For the term of this Agreement, the City's ordinances, resolutions, rules, regulations and official policies governing the permitted uses of the Property, the density and intensity of use of the Property, and the maximum height, bulk and size of proposed buildings shall be those in force and effect ori the Effective Date hereof. 6.2 Rules Reqardinq Desiqn and Construction. Unless otherwise expressly provided in Section 5 or Exhibit B attached hereto, the ordinances, resolutions, rules, regulations and official policies governing design; improvement and construction standards and specifications applicable to the Project shall be those in force and effect on the Effective Date hereof. Ordinances, resolutions, rules, regulations and official policies governing design, improvement and construction standards and specifications applicable to public improvements to be constructed by Developer shall be those in force and effect at the time the applicable permit approval is granted. 6.3 Uniform Codes Applicable. Unless otherwise expressly provided in. Section 5 or Exhibit B attached hereto, the Project shall be constructed in accordance with the provisions of the Uniform Building, Mechanical, Plumbing, Electrical and Fire Codes and Title 24 of the California Code of Regulations, relating to Building Standards, in effect at the time of approval of the appropriate building, grading, or other construction permits for the Project. 7. Subsequentlv Enacted Rules and Requlations. 7.1 New Rules and Regulations. During the term of this Agreement, the City may apply new or modified ordinances, resolutions, rufes, regulations and official policies of the City to the Property which were not in ~force and effect on the Effective Date and which are not in conflict with those applicable to the Property as set forth in this Agreement if: (a) the application of such new or: modified ordinances, resolutions, rules, regulations or official policies would not~ prevent, impose a substantial financial burden on, or materially delay development of the Property as contemplated by this Agreement and the Project Approvals, and (b) if .such__ordinances,_resolutions, rules, regulations or official-------------- policies have general applicability. 7.2 Approval of Application. Nothing in this Agreement shall prevent the City from denying or conditionally approving any subsequent discretionary land use approval for the Rroject on the basis of the ordinances, resolutions, rules, regulations and policies in effect at the time of such approval. Development Agreement Page 6 of 17 Fairway Ranch 628317-14 : ,' , . . , ~ ZZ~. ~~ ~ 7.3 Moratorium Not Applicabie. Notwithstanding anything to the contrary contained herein, in the event an ordinance, resolution or other measure is enacted, whether by action of City, by initiative, referendum, or otherwise, that imposes a building morafiorium, a limit on the rate of development or a voter- approval requirement which affects the Project on all or any part of the Property, City agrees that such ordinance, resolution or other measure shall not apply to the Project, the Property, this Agreement or the Project Approvals unless the building moratorium is imposed as part of a declaration of a local emergency or state of emergency as defined in California Government Code § 8558. 8. Subsequently Enacted or Revised Fees, Assessments and Taxes. 8.1 Fees, Exactions, Dedications. City and Developer agree that the fees payable and exactions required in connection with the development of the Project for purposes of mitigating environmental and other impacts of the Project, providing infrastructure for the Project and complying with the Specific Plan shall be those set forth in the Project Approvals and in this Ag.reement (including Exhibit B). The City shall not impose or require payment of any other fees, ~ dedications of land, or construction of any public improvement or facilities, shall not increase or accelerate existing fees, dedications of land or construction of public improvements, or impose other exactions in connection with any subsequent discretionary approval for the Property, except as set forth in the Project Approvals and this Agreement (including Exhibit B, Section 5.3.5). 8.2 Revised Apqlication Fees. Any existing application, processing and inspection fees that are revised during the term of this Agreement, shall apply to the Project provided that (1) such fees have general applicability; (2) the application of such fees to the Property is prospective; and (3) the application of such fees would not prevent development in accordance with this Agreement. 8.3 New Taxes. Any subsequently enacted City-wide taxes shall apply to the Project provided that: (1) the application of such taxes to the Property is prospective; and (2) the application of such taxes would not prevent ~development in accordance with this Agreement. 8.4 Assessments. Nothing herein shall be construed to relieve the Property from assessments levied against it by .City pursuant to any statutory procedure for the assessment of property to pay for infrastructure and/or services which benefit the Pro.pertY . _ __.__ _-___ __... ___ _.... __...._. 8:5 Vote on Future Assessments and Fees. In the event that any assessment, fee or charge which is applicable to the Property is subject to Article XIIID of the California Constitution, and Developer does not return its ballot, Developer agrees, on behalf of itself and its successors, that City may count Developer's ballot as affirmatively voting in favo'r of such assessment, fee or Development Agreement Page 7 of 17 Fairway Ranch 628317-14 ~~~~~ charge. 9. Amendment or Cancellation. 9.1 Modification Because of Conflict with State or Federal Laws. In the event that state or federal laws or regulations enacted after the Effective Date prevent or preclude compiiance with one or more provisions of this Agreement:or require changes in plans, maps or permits approved by the City, the Parties shall meet and confer in good faith in a reasonable attempt to modify this Agreement to comply with such federal or state law or regulation. Any such amendment or suspension of the Agreement shall be approved by the City Council in accordance with Chapter 8.56. 9.2 Amendment bv Mutual Cansent. This Agreement may be amended in writing from time to time by mutual consent of the Parties and in accordance with the procedures of state law and Chapter 8.56. 9.3 tnsubstantial Amendments. Notwithstanding the provisions of Section 9.2, any arnendments to this Agreement which do not relate to (a) the term of the Agreement as provided in Section 4.2; (b) the permitted uses of the Property as provided in Section 5.2; (c} provisions for "significant" reservation or dedication of land as provided in. Exhibit B; (d) conditions, terms, restrictions or requirements for subsequent discretionary actions; (e) the density or intensity of use of the Project; (f) the maximum height or size of proposed buildings; (g) monetary contributions by Developer; (h) the affordable housing units to be constructed as part of the Project (including without limitation, the number, location, size, affordability level, or timing of the construction of such units); (i} public improvements to be constructed by Developer; (j) the accrual or use of the Affordable Unit Credits described in Section 5.3.7B of Exhibit B; or (h) the exemption from Commercial Linkage Fee described in Section 5.37.C of Exhibit B shall not, except to the extent otherwise required by law, require notice or public hearing before either the Planning Commission or the City Council before the Parties may execute an arnendment hereto. City's Public Works Director shall determine whether a reservation or dedication is "significant". 9.4 Amendment of Project Approvals. Any amendment of Project Approvals relating to: (a) the permitted use of the Property; (b) provision for reservation or dedication of land; (c) conditions, terms, restrictions or requirements for subsequent discretionary actions; (d) the density or intensity of use of the Project; (e) the maximum height or size of proposed buildings;_(f) ._ monetary contributions by the Developer; (g) public improvements to be constructed by Developer; (h) the affordable housing units to be constructed as part of the Project (including without limitation, the number, location, size, ~~ affordability level, or timing of the.construction of such units); (i) the accrual or use of the Affordable Housing Credits described in Section 5.3.7B of Exhibit B; or (j) the exemption from Commercial Linkage Fee described in Section 5.3.7C of uevetopment Agreement Page 8 of 17 Fairway Ranch 628317-14 ; . 2~~ ~~ Exhibit B shall require an amendment~of this Agreement. Such amendment shall be limited to those provisions of this Agreement which are implicated by the amendment of the Project Approval. Any other amendment of the Project Approvals, or any of them, shall not require amendment of this Agreement unless the amendment of the Project Approval(s) relates specifically to some provision of this Agreement. 9.5 Cancellation bv Mutual Consent. Except as otherwise permitted herein, this Agreement may be canceled in whole or in part only by the mutual consent of the Parties or their successors in interest, in accordance with the provisions of Chapter 8.56. Any fees paid pursuant to Section 5.3 and Exhibit B of this Agreement prior to the date of cancellation shall b~ retained by City. 10. Term of Proiect Approvals. Pursuant to California Government Code Secfiion 66452.6(a), the term of the tentative tract map described in Recital F above shall automatically be extended for the term of this Agreement. The term of any other Project Approval shall be extended only if so provided in Exhibit B or Section 4.2. 11. Annual Review. 11.1 Review Date. The annual review date for this Agreement shall be between July 15 and August 15, 2004 and each July 15 to August 15 thereafter. 11.2 Initiation of Review. The City's Community Development Director shall initiate the annual review, as required under Section 8.56.140 of Chapter 8.56, by giving to Developer thirty (30) days' written notice that the City intends to undertake such review. Developer shall provide evidence to the Community Development Director prior to the hearing on the annual review, as and when reasonably determined necessary by the Community Development Director, to demonstrate good faith compliance with the provisions of this Agreement. The Developer shall have the burden of proving such compliance by substantial evidence. 11.3 Staff Reports. To the extent practical, City shall deposit in the mail and fax to Developer a copy of all staff reports, and related exhibits relating to this Agreement at least five (5) days prior to any annual review: ~ 11.4 Costs. Costs reasonably incurred by City in connection with_the.___.__________ annual review stiall be paid by Developer in accordance with the City's schedule of fees in effect af the time of review. Development Agreement ~ Page 9 of 17 Fairway Ranch ~ 628317-14 zs~ ~ 12. Default. 12.1 Other Remedies Available. Upon the occurrence of an event of default hereunder, the Parties may pursue all other remedies at law or in equity which are not otherwise provided for in this Agreement or in City's regulations governing development agreements, expressly including the remedy of specific performance of this Agreement. 12.2 Notice and Cure. Upon the occurrence of an event of default by either Party, the nondefaulting party shall serve written notice of such default upon the defaulting party. If the default is not cured by the defaulting party within thirty (30) days after service of such notice of_default, the nondefaulting party may then commence any legal or equitable action to enforce its rights under this Agreement; provided, however, that if the default cannot be cured within such thirty (30) day period, the nondefaulting party shall refrain from any such legal or equitable action so long as the defaulting party begins to cure such default within such thirty (30) day period and diligently pursues such cure to completion. Failure to give notice shall not constitute a waiver of. any default. 12.3 No Damaqes Aqainst City. Notwithstanding anything to the contrary contained herein, in no event shall damages be awarded against City upon an event of default or upon termination of this Agreement. 13. Estoppel Certificate. Either Party may, at any time, and from time to time, request the other Party to provide a written certification that: (a) this Agreement is in full force and effect and a binding obligation of the Parties, (b) this Agreement has not been amended or modified either orally or in writing, or if amended, identifying such amendments in the certification, and (c) to the knowledge of the certifying Party, the requesting Party is not in default in the performance of its obligations under this Agreement, or if in default, to describe in the certification the nature and amount of any such defaults. A Party receiving a request hereunder shall execute and return such certification within thirty (30) days following the receipt of such request, or such longer period as may reasonably be agreed to by the Parties. City Manager of City shall be authorized to execute any certification requested by Developer. Should the Party receiving the request not execute and return such certification within the applicable period, this shall not be deemed to be a default, provided such. Party shall be deemed to have certified that the statements in clauses (a) through (c) of this section are.true, and any party may _._. .. rely on such deemed certification. Any request by Developer for a written certification to a third party shall be accompanied by payment to City of a fee for such certification in an amount established by the Council from time to time. ~ Development Agreement Page 10 of 17 Fairway Ranch 628317-14 ~c~~ ~~ ~ 14. Mortqaqee Protection; Certain Riqhts of Cure. 14.1 Mortqaqee Protection. This Agreement shall be superior and senior to any lien placed upon the Property, or any portion thereof after the date of recording this Agreement, including the lien for any deed of trust or mortgage ("Mortgage"). Notwithstanding the foregoing, no breach hereof shall defeat, render invalid, diminish or impair the lien of any Mortgage rnade in good faith and for value, the purchaser at any trustee's sale or foreclosure sale shall not be liable for any violation hereof occurring prior to the acquisition of title by such purchaser, but all the terms and conditions contained in this Agreement shall be binding upon and effective against any person or entity, including any deed of trust beneficiary or mortgagee ("Mortgagee") who acquires title to the Property, or any portion thereof, by foreclosure, trustee's sale, deed in lieu of foreclosure; or otherwise. 14.2 Mortqagee Not Obliqated. Notwithstanding the provisions of Section 14.1, no Mortgagee shall have any obligation or duty under this Agreement, before or after foreclosure or a deed in lieu of foreclosure, to construct or complete the construction of improvements, or to guarantee such construction of improvements, or to guarantee such construction or completion, or to pay, perform or provide any fee, dedication, improvements or other exaction or imposition; provided, however, that a Mortgagee shall not be entitled to devote the Property to any uses or to construct any improvements thereon other than those uses or improvements provided for or authorized by the Project Approvals or by this Agreement. 14.3 Notice of Default to Mortqaqee and Extension of Riqht to Cure. If City receives notice frorn a Mortgagee requesting a copy of any notice of default given Developer hereunder and specifying the address for service thereof, then City shall deliver to such Mortgagee, concurrently with service thereon to Developer, any notice given to Developer with respect to any claim by City that Developer has committed an event of default. Each Mortgagee shall have the right during the same period available to Developer to cure or remedy, or to commence to cure or remedy, the event of default claimed set forth in the City's , notice. City, through its City Manager, may extend the tfiirty-day cure period provided in Section 12.2 for not more than an additional sixty (60) days upon request of Developer or a Mortgagee. 15. Severabilitv. __ .__ _...__----... Tlie unenforceability, invalidity or illegality of any provision, covenant, condition or term of this Agresment shall not render the other provisions hereof unenforceable, invalid or illegal. Development Agreement Page 11 of 17 Fairway Ranch 628317-14 ~~ ~ ~~ 16. Attornevs' Fees and Costs. If City or Devefoper initiates any action at law or in equity to enforce or interpret the terms and conditions of this Agreement, the prevailing party shall be entitled to recover reasonable attorneys' fees and costs in addition to any ofiher relief to which it may otherwise be entitled. If any person or entity not a party to this Agreement initiates an action at law or in equity to challenge the validity of . any provision of this Agreement or the Project Approvals, the Parties shall cooperate in defending such action. Developer shall bear its own costs of defense as a real party in interest in any such action, and shall reimburse City far all reasonable court costs and attorneys' fees expended by City in defense of any such action or othar proceeding. 17. Transfers and Assiqnments. 17.1 Riqht to Assiqn. Developer may wish to sell, transfer or assign all or portions of its Property to other deve{opers (each such other devefoper is referred to as a"Transferee"). (n connection with any such sale, transfer or assignment to a Transferee, Developer may sell, transfer or assign to such Transferee any or all rights, interests and obligations of Deveioper which arise hereunder and pertain to the portion of the Property being sold or transferred to such Transferee; provided, however that: no such transfer, sale or assignment of Developer's rights, interests and obligations hereunder shafi occur by operation of law or otherwise absent prior written notice to City and written approval,thereof by the City Manager, which approval shall not be unreasonably withheld or delayed. 17.2 Approval and Notice of Sale, Transfer or Assiqnment. The City Manager sha11 consider and decide on any,proposed transfer, sale or assignment of Developer's rights, interests and obligations hereunder within ten business (10) days following receipt of Developer's notice, provided all documents, certi~cations and other information reasonably requested by City are provided to the City Manager to enable the City Manager to determine whether the proposed Transferee can perForm the Developer's obligations hereunder. Notice of any such approved sale, transfer or assignment (including a description of all rights, interests and obligations that have been transferred and those which have been . retained by Developer) shalf be recorded in the official records of Alameda County, in a form acceptable to the Gity Manager, concurrently with such sale, transfer or assignment. .. . _.__ . _ _.___ ._- --. ._. _..__ . - __ _ __ _ _._.. . ~ 7.3 Effect of Sale, Transfer or Assignment. Developer shall be released from any obligations hereunder sold, transferred or assigned to a Transferee pursuant to tliis Section 17, provided that: a) such sale, transfer or assignment has been approved by the City Manager pursuant to this Section 17, b) such obligations are expressly assumed by Transferee, and (c) such Transferee shall be subject to all the provisions hereof and shall provide all Deve~opment Agreement Page 12 of 17 Fairway Ranch 628317-14 ~ ; , ' , ~ ~~ l~. documents, certifications and other information reasonably requested by City prior to City Manager approval pursuant to this Section 17. 17.4 Permitted Transfer, Purchase or Assiqnment. T'he sale or other transfer of any interest in the Property to a purchaser ("Purchaser"} pursuant to the exercise of any right or remedy under a third-party deed of trust encumbering Developer's interest in the Property shall not require City Manager approval pursuant to this Section 17. However, any subsequent transfer, sale or assignment by such Purchaser to a subsequent transferee, purchaser, or assignee shall be subject to the provisions of this Section. 18. Aqreement Runs with the Land. All of the provisions, rights, terms, covenants, and obligations contained in this Agreement (with the exception of City's obligation to provide financing to Developer pursuant to the Loan Agreement) shall be binding upon the Parties and their respective heirs, successors and assignees, representatives, lessees, and all other persons acquiring the Property, or ariy portion thereof, or any interest therein, whether by operation of law or in any manner whatsoever. All of the provisions of this Agreement shall constitute covenants running with the land pursuant to applicable laws. Each covenant to do, or refrain from doing, any act on or with respect to the Property pursuant to this Agreement: (a) is for the benefit of or is a burden upon the Property, (b) runs with the land, and (c) is binding upon the Developer and each successive owner during its ownership of the Property or any portion thereof. 19. Bankruptcy. The obligations of Developer under this Agreement shall not be discharge~ble in bankruptcy. 20. Indemnification; Prevailing Waqes. 20.1 Indemnification. Developer agrees to indemniiy, defend and hold harm{ess City, and its elected and appointed councils, boards, commissions, officers, agents, employees, and representatives from any and all claims, costs (including legal fees and costs) and liability for any personal injury or property damage which may arise directly or indirectfy as a result of any actions or inactions by the D'eveloper, or any actions or inactions of Developer's contractors, subcontractors, agents, or employees in connection with the construction, improvement, operation,.or maintenance of the Property and the Project, provided that Developer shall have no indemnification obligation with respect to the gross negligence or willful misconduct of City, its contractors, subcontractors, agents or employees or with respect to the maintenance, use or condition of any Development Agreement Page 13 of 17 Fairway Ranch ~ 628317-14 ~~~ ~ improvement after the time it has been dedicated to and accepted by the City or another public entity (except as provided in an improvement agreement or maintenance bond). 20.2 Prevailinq Waqes. The Parties acknowledge that the Froject or phases of it are intended by Developer to be exempt from California Labor Code Section 1720 et seq. and the regulations adopted pursuant thereto ("Prevailing Wage Laws") by virtue of Labor Code Section 1720(d). If for any reason, the Prevailing Wage Laws are found to be applicable to the Project, Developer and its contractors shall comply with such laws: Developer shall, and hereby agrees to, unconditionally indemnify, reimburse, defend, protect and ho{d harmless City and its elective and appointive boards, commissions, officers, agents, attorneys, consultants and employees, and their respective successors and assigns, from and against any and all claims, demands, suits and actions at law or in equity, and Ibsses, liabilities, expenses, penalties, fines, orders, judgments, injunctive or other relief, and costs and damages of every kind; nature and description (including but not limited to attorneys' fees and court costs, with counsel reasonably acceptabie to City), and administrative, enforcement or judicial proceedings, whether known or unknown, and which directly or indirectly, in whole or in part, are caused by, arise from, or relate to, or are alleged to be caused by, arise from, or relate to, the payment or requirement of payment of prevailing wages. or the requirement of cornpetitive bidding in the construction of the Project, the failure to comply with any state or federal labor laws, regulations or standards in connection with this Agreement, including but not limited to the Prevailing Wage Laws, or any act or omission of City or Developer related to this Agreement with respect to the payment or requirement of payment of prevailing wages or the requirement of competitive bidding, whether or not any .insurance policies shall have been determined to be applicable to any such claims, demands, suits, actions, losses, liabilities, expenses, penalties, fines, orders, judgments; injunctive or other relief, costs, damages, or administrative, enforcernent or judicial proceedings. It is further agreed that City does not, and shall not, waive any rights against Developer which it may have by reason of this indemnity and hold harmless agreement because of the acceptance by City, or the deposit with City by Developer,' of any of the insurance policies described in this Agreernent. The representations, warranties and covenants contained in this Section shall survive the termination of this Agreement. 21. Insurance. 21.1 Public Liabilitv and Propertv Damage Insurance. During the term of this Agreement, Developer shall maintain in effect a policy of comprehensive general liability insurance with a per-occurrence combined single limit of not less than five milfion dollars ($5,000,000) with a Twenty Five Thousand Dollar ($25,000) self insurance retention per claim. The policy so maintained by Development Agreement Page 14 of 17 Fairway Ranch 628317-14 ~~'~ Developer shail name the City as an additional insured and shall include either a severability of interest clause or cross-liability endorsement. 21.2 Workers Compensation tnsurance. During the term of this Agreement Developer shall maintai.n Worker's Compensation insurance for all persons employed by Developer for work at the Project site. Developer shall require each contractor and subcontractor similarly to provide Worker's Compensation insurance for its. respective employees. Developer agrees to indemnify the City for any damage resulting from Developer's failure to maintain any such insurance. 21.3 Evidence of Insurance. Prior to City Council approval of this Agreement, Developer shall furnish City satisfactory evidence of the insurance required in Sections 21.1 and 21.2 and evidence that the carrier is required to give the City at least fifteen days prior written notice of the cancellation or reduction in coverage of a policy. The insurance shall extend to the City, its elective and appointive boards, commissions, officers, agents, employees and representatives and to Developer performing work on the Project. 22. Sewer and Water. Developer acknowledges that it must obtain water and sewer permits from the Dublin San Ramon Services District ("DSRSD") which is another public agency not within the control of City. 23. Notices. All notices required or provided for under this Agreement shall be in writing. Notices required to be given to City shall be addressed as follows: City Manager City of Dublin 100 Civic Plaza Dublin, CA 94568 FAX No. (925) 833-6651 Notices required to be given to Developer shal,l be addressed as follows: Martin Inderbitzen 7077 Koll Center Parkway, Suite :1_20___,,.. _ _ ___. _ Pleasanton, CA 94566-3152 FAX No. (925) 485-1065 Development Agreement Page 15 of 17 Fairway Ranch 628317-14 ~~~~ James Tong Charter Properties 6601 Owens Drive #100 Pleasanton, CA 94588 (925) 463-1666 A Party may change address by giving notice in writing to the other party and thereafter all notices shall be addressed and transmitted to the new address. Notices shall be deemed given and received upon personal delivery, or if maited, upon the expiration of 48 hours after being deposited in the United States Mail. Notices may also be delivered by overnight courier in which case they shall be deemed given on the following day or by facsimile transmission in which case they shall be deemed delivered upon verification of receipt. 24. Aqreement is.Entire Understandinq. This Agreement, the loan commitment letters executed by City wifh an effective date of July 1, 2003 (the "Loan Commitment"), the Component Development Agreements, the Regulatory Agreements, and the Loan Agreements (and related deed(s) of trust and promissory note(s}) constitute the entire understanding and agreement of the Parties with respecfi to the subject matter hereof and supersede ail prior negotiations, understandings or agreements pertaining thereto. , 25. Exhibits. The folfowing Exhibits are attached hereto and incorporated herein by this reference: ~ Exhibit A Legal Description of Property Exhibit B Additional Conditions Exhibit C Inclusionary Zoning Regulations; Dublin Municipal Code Chapter 8.68 Exhibit D Affordable Uriit Credit Certificate Exhibit E Map of Affordable Unit Credit Property, which property Includes properties owned by Developer subject to the Master Development Agreement," Dublin Ranch West" and "Dublin Ranch North." Exhibit F Map of Property Exempt from Commercial Linkage Fee Development Agreement Page 16 of 17. Fairway Ranch 628317-14 ~~~~~ 26. Counterparts. This Agreement may be executed in counterparts, each of which shali be an original, and ail of which taken together shall constitute one agreement. 27. Recordation; Further Assurances. City shall record a copy of this Agreement within ten days following execution by all Parties. The Parties agree to execute such additional instruments and to undertake such actions as may be necessary to effectuate the intent of this Agreement. lN WITNESS WHEREOF, the Parties have caused this Agreement to be executed as of the date and year first written above. CITY OF DUBLIN By~ ~ .~~~~ ~~~~ ~ net Lockhart, Mayor APPROVED AS TO FORM: ; ,; .~'~~~.~-~_ ~;,1, ~ ~, i Elizabeth H. Silver, City Attorney DEVELOPER /, ~ ~ ~ ~ d~ Chan u-O-Lin ATTEST: By: Kay k, City lerk , _ _ - --~ _ _ : ; = t ~--._ ; f-:~,~.,. . ng Lisn Lin Development Agreement Page 17 of 17 Fairway Ranch 628317-14 °~~ ~ c~ CALIFORPIIA ALL-PURPOSE ACKNOWLEDCNIENT State of California ~~A-~~.~A, SS. County of of ^ personally known to me ,~ proved to me on the basis of satisfactory evidence to be the person(~ whose name(~) is/aY~ subscribed to the within instrument and acknowledged to me that `IZe/she/Yh~y executed the same in h`'r~/her/tf~eir authorized capacity~lBS), and that by Tris/her/~h~ir signature~ on the instrument the person~, or the entity upon behaif of which the person~`s,) acted, executed the instrument. WITNESS y hand fficial seal. Z~ C-~ Place Notary Seal Above S nature o ary Public ~ OPTIONAL Though the information below is not required by law, it may prove valuab/e to persons relying on the document and cou/d prevent fraudu/ent remo al and reattachment of thrs form to another documeni. Description of Attache oc ment ~~/~B ~-~~ ~~C-~ ~~~~~~y /Ct?~~ Title or Type of Document~~~~~--OP/"1 ~ ']'' ~ ~ Document Date~ _~~(~t ~y ~~~ ~~~ Number of Pages: Signer(s) Other Than Named Above: (..,i~]~~I/tl~i- ~,/ - ~- ~.~/1~ P~~~~I' ~~~./'~ ,L//(~ Capacity(ies) Claimed by Signer Signer's Name: . ^ Individual ^ •Corporate Officer - Title(s): ^ Partner - O Limited ~ General ^ Attorney in Fact ___ ^ Trustee ^ Guardian or Conservator O Other: Signer Is Representing: ~ ~~ . Top of thumb here On ~~ ~ , before me, ~~y ~~ ~V 1Q L/ ate Name and T tle of Officer e. ~ , ~ ~ ( g., "Jane Doe, Notary Public") personally appeared ~.~s KAY KEC~K ~~ ~ Commis~on # 12A0069 ~ z NotW Pubfic - CaGfurda ~ aameda courrty -~RY Corrvn. 6~es Nw 8. ~04 m 7998,Natlonal Notary Association • 9350 De Soto Ave., P.O. Box 2402 • Chatsworth, CA 91 3 7 3-2402 • www.nationalnotary.org Protl. No. 5907 qeorder. Call Toil-Free 1-800-876-6827 :7. ~ State of California County of Alameda ~~~~ On • Z y , 2003, before me, the undersigned, a Notary Public, , in and for said State and County, personally appeared No n L~'r L-'n E Chanq Sv-D ~%n , personally known to me (or proved to me on t e basis of ~' satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument acknowledged to me that he/she/they executed the same in his/her/their capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. ESS my hand and official seal. . Notary Public ~.,:...~~ ~ ~.. .~ _,~. , _ , . _ ~. a Y w. .~...ar~ ~.. ~ ~7 ~,'"'~ Ci~.~a.~~ 1.(_S r e:~1 r~ ~ F:f"' i s~ qr h ~ T Cai1lP5't9ylUf1 ii} ~..a.«.: :I ' , ;~!•+;,, ,C l z t..y;°~a~' ~:i;~ ."~ No1ary Rublic - C~G3vr~~ia ? ~ 4~~~, , •°w 6~lar,~ri~ fbi i~~, ,; t4 Fe.~i;~ C:rFr1'Vfl E,,;.,'rr...., ~ 7± : ~?, ..? . . ~ ~. u s.. L ~'~~;J° +: ' 'ot; is ,2.~ 7 ~ _"` . . :.] ....... .... . . \ ~~~ ~ ` Exhibit A LEGAL DESCRIPTIOIV OF PROPERTY ALL THAT CERTAIN REAL PROPERTY SITUATED IN THE CITY OF DUBLIN; COUNTY OF ALAMEDA, STATE OF CALIFORNIA DESCRIBED AS FOLLOWS: LOTS 1, 2, AND 3, AS SAID LOTS ARE SHOWN ON THE MAP OF TRACT 7453, FILED FOR RECORD ON NOVEMBER 24, 2003, IN BOOK 273 OF MAPS AT PAGES 52 THROU.GH 56; INCLUSIVE, ALAMEDA COUNTY RECORDS. ~ ~~~~ Exhibit B ADDITIONAL CONDITIONS This Exhibit B contains Additional Conditions imposed pursuant to Section 5_3 of the Development Agreement ("Agreement"), by and between the City of Dublin, a Municipal Corporation ("City") and Chang Su-O-Lin and Hong Lien Lin (collectively, the "Develope~'') dated as of August 15, 2003. Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Agreement. 5.3.1 Subsequent Discretionarv Approvals None. 5.3.2 Mitiqation Conditions A. Infrastructure Sequencinq Proqram The infrastructure sequencing program for the Project is set forth below. (i) Roads: The project-specific roadway improvements (and offers of dedication) identified in Resolution No. 03-31 of the City of Dublin Planning Commission approving the Vesting Tentative Map for Tract 7453 and the City Council Resalution No. 149-03 approving the Site Deve4opment Review (hereafter "TM and SDR Resolutions"), and those described below shall be completed by Developer to the satisfaction of the City Engineer at the times and in the manner specified in the TM and SDR Resolutions un4ess otherwise provided below. All such roadway improvements shall be constructed to the satisfaction and requirements of City's Engineer. -Condition 24 Dubfin Boulevard/Douqhertv Road lntersection Improvements: Condition 24 of Planning Commission Resolution No. 03-31 reads as follows: Intersection of Dougherty Road $ Dublin Blvd. In the event that the City does not have sufficient Ga~egory 2 Eastern Dublin Traffic lmpact Fee (TIF) funds available, Developer shall advance the City monies for #he cosfs of desigri, right-of-way acquisition and construction of the Gity Capita! lmprovement Project at the Dublin Boulevard / Dougherty Road intersection. The amounf of money Development Agreement - Exhibit B Page 1 of 12 Fairway Ranch 628317-14 31 ~ t~ fo be advanced wi1/ be defermined by fhe City Engineer based on the Project's fair share of the deficiency. Such payment is to be made within 30 days of written notice from~the City Engineer. City shall provide a credit to the Deve/oper for Category 2 TIF for any monies advanced pursuant fo this condition. The City's Administration Guidelines for Eastern Dublin Traffic Impact Fees (Resolution No. 23-99) shall govern all aspects of the credit. DEVELOPER shall provide CITY with DEVELOPER's fair share, as determined by CITY on the basis of the Project's trips, for the costs of design and construction of Dublin Boulevard/Dougherty Road Intersection Improvements by a payment to CITY in cash in the amount of the Project's fair share of the deficiency, if any, between funds available to CITY for the costs of design and construction of Dublin .Boulevard/Dougherty Road Intersection Improvements and the cost of such project, as determined by the Public Works Director. Such payment to be made within 30 days of written notice from the Public Works Director to be given following~ bid opening: Notwithstanding the provisions of Section 4 of this Agreement, Condition 24 shall survive termination of this Agreement. (ii) Sewer. All sanitary sewer improvements to serve the project site (or any recorded phase of the Project) shall be completed in accordance with DSRSD requirements. (iii) Wa#er. An all weather roadway and an approved hydranf and water supply system shall be available and in service at the site in accordance with the tentative map conditions of approval to the satisfaction and requirements of the City's fire department. -- -- ---------------All potable water system components to serve the project site shall be completed in accordance with the DSRSD requirements. Recycled water lines shall be installed in accordance with the tentative map conditions of approval. Development Agreement - Exhibit B Page 2 of 12 Fairway Ranch 628317-14 ~~~ (iv) Storm Drainaqe The storrri drainage systems off site, as well as on site drainage systems to the areas to be occupied, shall be improved consistent with the Dublin Ranch Master Drainage Plan and the tentative map conditions of approval and to the satisfaction of the City Engineer (v) Other, Utilities (e.q. qas, electricitv, cable televisions, telephone) Construction shall be completed by phase prior to issuance of the first Certificate of Occupancy for any buifding within that specific phase of occupancy. B. Miscellaneous (i) Completion of Public Improvements Mav Be Deferred. Notwithstanding the foregoing, City's Engineer may, in his-or her sole discretion and upon receipt of documentation in a form satisfactory to the City Engineer that assures completion, allow Developer to defer completion of discrete portions of any public improvements for the Project if the Public Works Director determines that to do so would not jeopardize the public health, safety or welfare. - 5.3.3 Phasinq; Timinq This Agreement does not require the Developer to commence or complete development of the Project within any period of time set by City. Subject to the following requirements, Developer shall be permitted to develop the Property in accordance~with its own time schedule, consistent with the Project Approvals. Nofwithstanding anything to the contrary contained in this Agreement or in the Project Approvals, it is expressly understood and agreed that: (A) the City shall not issue any building perrnits for any buildings or structures within the Condominium Component of the Project unless (i} certificates of occupancy have been issued for all units comprising either the Multifamily Component or the Senior Housing Component of the Project and the affordable units to be constructed as part of the Multifamily Component or the Senior Housing Component of the Project have been constructed and made available for occupancy by eligible households at affordable housing cost in accordance with the requirements~ specified in the Regufatory Agreements or (ii) Developer and City have entered into an enforceable agreement that restricts occupancy of units within the Condominium Component to provide for 52 moderate income units; and (B) if Developer constructs the Multi-Family Component or the Senior Housing Component in phases, each such phase shalt include affordable units which are available for ueveiopment Agreement - Exhibit B - Page 3 of 12 Fairway Ranch 628317-14 . . : ~~ occupancy to eligibie low, very low-, and moderate-income households in such numbers as shown on Sheets A-3 to A-6, A-11, A-12, A-14, A-15; A-19 to A-23, and A-24 to A-27 on Exhibit 1 of Citv Council Resolution No. 149-03 approving Site Development Review. The provisions of this Section 5.3.3 shall survive the expiration of the term of this Agreement. 5.3.4 Financinq Plan Developer shall install all improVements necessary for the Project at its own cost (subject to credits for any improvements which qualify for credits as provided in Section 5.3.6 below).~ Other infrastructure necessary to provide sewer, potable water, and recycled water services to the Project will be made available by fhe Dublin San Ramon Services District. Developer has entered into an "Area Wide Facilities Agreement" with the Dublin San Ramon Services District to pay for the cost of extending such services to the Project. Such services shall be provided as set forth in Sections 5.3.2(A)(ii) and (iii~ above. Pursuant to the terms of that certain Loan Commitment letters executed by City with an effective date of July 1, 2003 ("Loan Commitment"), and provided that Developer and the borrower under said Loan Commitment have complied with all terms and conditions of the Loan Commitment, City shall provide a loan to Developer to provide partial financing for construction of the Project's affordable units. 5.3.5 Fees, Dedications A. Traffic Imuact Fees. Develaper shall pay the Eastern Dublin Traffic Impact Fee ("TIF") established by Resolution No. 225-99, including any futwre amendments to such fee. Developer will pay such fees no later than the time of issuance of building permits and in the amount of the impact fee in effect at time of building permit issuance. Developer further agreeS that it will pay a minimum of three percent - (3%} of the "Section 1/Category 1" portion of the TIF in cash. Devefope'r also agrees that it will pay 12.4% of the "Section 2/Category 2" portion of the TIF in cash. If City amends its TIF fee and as a result the City's outstanding balance due on loans is less than 12.4% of total Section 2/Category 2 improvements, the Developer shall pay such reduced percentage of the "Section 2/Category 2" portion of the TIF in cash. Development Agreement - Exhibit B Page 4 of 12 Fairway Ranch 628317-14 ~ ~ tf~-~ Developer may use any credits it has for payment of the baiance of the TIF in accordance with City's Administrative Guidelines for Eastern Dublin Traffic Impact Fees (Resolution No. 23-99 "TIF Guidelines"). B. Traffic Impact Fee to Reimburse Pleasanton for Freewav Interchanqes. Developer shall pay the Eastern Dublin I-580 Interchange Fee established by City of Dub{in Resofution No. 11-96 as amended by Resolution No. 155-98 and by any subsequent resolution which revises such Fee. Developer will pay such fees no later than the time of issuance of building permits and in the amount of the impact fee in effect at time of building permit issuance. C. Public Facilities Fees. Developer shall pay a Public Facilities Fee established by City of Dublin Resolution No. 214-02, including any future amendments to s,uch fee. Developer will pay such fees no later than the time of issuance of building permits and in the then-current amount of the fee: Developer may use the credits for payment of the Community Park Land portion of the Public Facilities Fee granted to the Lin Family by the Master Development Agreement in accordance with City's Pub(ic Facilities Fee Guidelines (Resolution 195-99) r D. Noise Mitictation Fee. Developer shall pay a Noise Mitigation Fee established by City of Dublin Resolution No. 33-96, including any future amendments to such fee. Developer will pay such fees no later than the time of issuance of building permits and in the amount of the fee in effect at time of building permit issuance E. School Impact Fees. School impact fees shall be paid by Developer in accordance with California Government Code Section 53080 and the agreement between Developer and the Dublin Unified School District regarding payment of mitigation fees. ~ F. Fire Impact Fees. Developer shall pay a fire facilities fee established by City of Dubiin Resolution No. 12-03 including any future amendments to such fee. Developer . will pay such fees no later than the time ofi issuance of building permits and in the amount of the fee in effect at time of building permit issuance. Development Agreement - Exhibit B , Page 5 of 12 Fairway Ranch 628317-14 ~ . . : ~~ ~~~ Developer may use any credits it has for payment of the fire facilities fee, provided credits for improvements, land and equipment may only be used to satisfy payment of the same components of the fire facilities fee. G. Tri-Vallev Transporta#ion Development Impact Fee Developer shall pay the Tri-Valley Transportation Development Fee in the amount and at the times set forth in City of Dublin Resolution No. 89-98 or any subsequent resolution which revises such fee. Developer will pay such fees no later than the time of issuance of building permits and in the amount of the impact fee in effect at time of building permit issuance. 5.3.6 Credit A. Traffic Impact Fee Improvements -- Credit City shall provide a credit to Developer for those improvements described in the resolution establishing the Eastern Dublin Traffic Impact Fee if such improvements are constructed by the Developer in their ultimate location. All aspects of the credit shall be covered by City's Administrative Guidelines for Eastern Dublin Traffic Impact Fees (Resolution No. 23-99 ("T!F Guidelines"). B. Traffic Impact Fee Riqht-of-Wav Dedications -- Credit City shall provide a credit to Developer for any TIF area right-of- way to be dedicated by Developer to City which is required for improvements which are described in the resolution establishing the Eastern Dublin Traffic Impact Fee. All aspects of the credits shall be governed 6y the TIF Guidelines. 5.3.7 Miscellaneous A. Affordable Units In accordance with the City's Inclusionary Zoning Ordinance (Dublin Municipal Code Chapter 8.68 attached as Exhibit C hereto), the City's Density Bonus Ordinance (Dublin Municipal Code Chapter 8.52) and the Regulatory Agreements and Conditions, Covenants and Restrictions (or deed restrictions) recorded concurrently herewith against the Property, Developer shall ensure that 587 housing units constr.ucted as part of the Project shall be . ~-~ ~~~ - available for a period of not less than 55 years to househalds of very low, low- and moderate-income at affordable housing cost, all as more particularly described in Recital E of the Agreement and in the Loan Commitment. Development Agreement - Exhibit B Page 6 of 12 Fainnray Ranch 628317-14 , ' • ' ~~~ Natwithstanding the definitions contained in the inclusionary Zoning Ordinance, as used in this agreement "low income" means not more than 60% of the median income, adjusted for actual household size B. Credits for Certain Affordable Units (i) Affordable Units Upon Completion. Upon completion of the entire Project in accordance with the SDR and this Agreement, Developer will have provided affordable units, as defined in City's Inclusionary Zoning Regulations, in the fo{lawing income categories: Multifamilv Component --94 moderate income units --90 low income units --63 very low income units Senior Housinq Component --131 moderate income units --97 fow income units --64 very low income units Condominium Component -- 2 moderate income units Upon completion the entire Project in accordance with the SDR and this Agreement (i) Developer will have satisfied the Inclusionary Zoning Regulations for all three components by providing in the aggregate 46 moderate-income units, 19 low-income units and 28 very low-income units, for a total of 93 affordable units (hereinafter "Project Affordable Units"); (ii) Developer wiil receive credit (hereinafter "Affordable Unit Credits") pursuant to Section 8.68.060 of the Inclusionary Zoning Regulations for 332 affordable units; and (iii) Developer will have provided an additionaf 162 affordable units~(hereinafter "Excess Affordable Units") in consideration for which the City has agreed to provide certain incentives and waivers consisting of: (a) a finding that Developer has fully complied with the City's Inclusionary Zoning Regulations for the Pro}ect by providing 46 moderate-income units, 19 low-income units and 28 very low- income units in the sizes shown on Sheets A-3 to A-6, A-11, A-12, A-14, A-15, A=19 to A-23, and A=24 to A-27 on Exhibit 1 of Citv Council Resolution No. 149- 03 approving Site Development Review, (b) 332 Affordable Unit Credits which can be used to comply with the Inclusionary Zoning Regulations on the -Affordable Unit Credit Property as described in Exhibit E as such regulations currently exist or as hereinafter amended for a maximum of 2,655 units, notwithstanding the mix of the affordable units, number of bedrooms or concentrations of such units on such Property, (c) a loan, and (d) a commercial linkage fee waiver (as described in Section 5.3.7.C.) Development Agreement - Exhibit B Page 7 of 12 Fairway Ranch 628317-14 . ~ ~.~ ~~~ ~ (ii) Phased.Construction. City and Developer recognize that it is likely that the three components of the Project will be constructed at different times and that each cornponent includes several buildings for which individual building permits will be issued. In particular, the Multifamily Component consists of five buildings, three of which will be residential; the Senior Housing Component consists of five residential buildings, and the Condominium Component consists of five buildings, three of which are residential. > (iii) Required Affordable Units. Upon issuance of certificates of occupancy for each building within the Project, the aff~rdable unifis provided therein shall be allocated first to satisfy the Developer's obligation to provide 93 Project Affordable Units. In particular, ~ ~, upon issuance of a certificate of occupancy for buildings in the Multi-Family Component, the first 18 moderate-income units, the first nine (9) low-income units and the first 15 very low-income units will be counted toward the Project Affordable Units. Upon issuance of certificates of occupancy for buildings in the ~ Senior Housing Component, the first 20 moderate-income units, the first ten (10) low-income units and the first 14 very low-income will be counted as Project Affordable Units. Finally, in the Condominium Component, the first seven (7) moderate-income units will be counted as Required Affordabte Units. ~ Developer's obligation to provide moderate-income units may be satisfied by low-income or very low-income units and the obfigation to provide low-income units may be satisfied by very low-income units, provided such substitutions shall not relieve Developer from its obligation to provide the total required units. (iv) Affordable Unit Credits. Once Certificates of Occupancy have been issued for all of the Project Affordable Units, whether in the Senior Housing Component or the Multi- Family Component, thereafter each additional affordable unit in any building for which a certificate of occupancy is issued shall entitle Developer to an Affordable Unit Credit provided Developer shall be entitled to ~no more than 332 Affordable Unit Credits. The Affordable Unit Credits shall be evidenced by an "Affordable Unit Credit Certificate" in a form substantially similar to the form attached as Exhibit D, which shall be executed by the City Manager within ten (10) working _. __._.. __. ays of the issuance of the certificate of occupancy, provided that Developer is in cornpliance with all requirements of this Agreement, the Regulatory Agreements and the Loan Agreement. The purpose of the Affordable Unit Credit Certificate is to allow the City and Developer to monitor the creation of such credits. Development Agreement - Exhibit B Page 8 of 12 Fairway Ranch 628317-14 ~~~~~ (v) Use of Affordable Unit Credit Developer may apply the Affordable Unit Credits to satisfy the requirements of the Inclusionary Zoning Regulations as now in effect or as hereafter amended for any residential development. consisting of up .to a maximum of 2,655 3,399 - 744 = 2,655 x 12.5% = 331.8 units on the Affordable Unit Credit Property shown on Exhibit E. (vi) Determination of Affordable Unit Obligation on Affordable Unit Credit Propertv City shall determine the number of affordable units required for each residential development proposed for development on the Affordable Unit Credit Property at the earliest to occur of the time of tentative map.approval, conditional use permit or site development review by reference to the Inclusionary Zoning Regulations attached as Exhibit C to determine the number of affordable units required for each such residential development, and provided Developer has a sufficient number of Affordable Unit Credit Certificates for the nurnber of such required affordable units, City shall not require compliance with the Inclusionary Zoning Regulations for such develo~pment. The payment of in- lieu fees will not be allowed for any residential development project on the Property or the Affordable Unit Credit Property. If Developer has not earned Affordabie Unit Credit Certificates in sufficient number to provide the required number of affordable units required for such residential development, provided that a building permit has been issued for any building within the Project that will include affordable units that will be counted toward the Affordable Unit Credits, Developer may obtain an Affordable Unit Credit Certificate by providing a bond or letter of credit in the amount of the then-current in-lieu fee established by the Council pursuant to section 8.68.040.A of the Inclusionary Zoning Regulations, which security shall be released by City upon issuance of a certificate of occupancy for the secured affordable unit. If Developer has not eamed or obtained Affordable Unit Credit Certificates in sufficient number to provide the required number of affordable units required for a proposed residential development, Developer shall be required to comply with the inclusionary zoning requirements then in effect prior to Site Development Review approval, inciuding the requirement of sectio.n 8.68.050.A of the Inclusionary Zoning Regulations for an.affordable housing agreement. Alternatively, Developer may withdraw its application for Site --- --- - Development Review approval until Developer has sufficient Affordable Unit Credit Certificates to provide the required number of affordable units for the " residential development project. Development Agceement - Exhibit B ~ Page 9 of 12 Fairway Ranch 628317-14 ~~~~ (vii) Dublin Ranch Area F North Notwithstanding the foregoing, City agress to determine the number of affordable units required for any residential development project on the property shown on Exhibit E, known as "Area F North," at the time of issuance of the first building permit for any residential building in Area F North. City shall determine whether Developer has provided the Required Affordable Units pursuant to Section 5.3.7.B (iii) above for Area F North at the time of `issuance of building permits for Project buildings, rather than Certificate of Occupancy. City shall not issue a building permit for any building in Area F North until Developer has Affordable Unit Credit Certificates equal in number to 12.5% of the number of units proposed in Area F North, as calculated pursuant to the Inclusionary Zoning Regulations. ~ (viii) Limitation Use of Credits Any residential units proposed to be constructed on the Affordable Unit Credit Property in excess of 2,655 units shall be subject to the City's Inclusionary Zoning ordinance in effect at the time of application. Unused Affordable Unit Credits will expire thirty (30) years after the date of execution of the Affordable Unit Credit Certificate creating such credit. In the event the State of California enacts legislation that requires a greater percentage of affordable units on the Affordable Unit Credit Property and . City and Developer determine such legislation would be applicable to the Affordable Unit Credit Property, City and Developer will meet in.good faith in an effort to carry out this Agreement to the extent possible. (ix) Development on Affordable Unit Credit Propertv Nothing in this Agreement shall impose a limit on the development of residential units on the Affordable Unit Credit Property, nor shall this Agreement be construed as a guarantee that Developer can develop 2,655 residential units on the Affordable. Unit Credit Property. C. Exemption from Commercial Linkaqe Fee Provided that: (a) certificates of occupancy have been issued for all residential units and all affordable units required to be constructed as part of_. ...______ ........ ... .. ._. _ the Project pursuant fo the Agreement, and (b) Developer and its successors in interest 'are in compliance with all requirements .of this Agreement, the Regulatory Agreements (and Conditions, Covenants and Restrictions or deed restrictions) and the Loan Agreement, the property described in Exhibit F attached hereto and incorporated herein by reference shall, during the period commencing on the date that all of the foregoing conditions have been met, and Development Agreement - Exhibit B Page 10 of 12 Fairway Ranch 628317-14 ~~ ~~ continuing until the thirtieth anniversary of #he Effective Date of the Agreement, be exernpt from any commercial linkage fee or similar fee that the City rnay adopt which requires payment of a housing fee in connection with the development of such property far commercial use. Upon satisfaction of both of the foregoing conditions, City agrees to record, and Developer consents to recordation of, a document against the property described in Exhibit F acknowledging such property shall be exempt from any such fee until the thirtieth anniversary of the Effective Date. In the event that Developer or Developer's successor in interest seeks approval to deveiop the property described in Exhibit F prior to the date upon which both of the foregoing conditions have been met, then Developer shall be obligated to pay such commercial linkage or similar fees to City; however, City shall refund such fees to Developer on the date that the foregoing conditions are met, together. with interest on such fees at the rate actually earned by City during the time the fees are held by City, less an administrative charge for processing such refund in an amount equal to one percent of the refund amount. Provided, however, that ifi a building permit has been issued for any building within the Project that will include affordable units that will be counted as Affordable Unit Credits, in lieu of paying such fess to City, Developer may provide the City with an irrevocable {etter of credit with a term of 12 months in the amount of the commercial linkage fee applicable to such development, which the City shalf release upon issuance of a Certificate of Occupancy for the secured affordable units if a Certificate of Occupancy is issued within ele~ven (11) months of the date of the letter of credit. If a Certificate of Occupancy is not issued for such secured affordable units within such time period, City shall draw on the letter of credit; provided however, if Developer or its successors in interest are in compliance with all requirements of this Agreement, the Regulatory Agreements and the Loan Agreement, City shall return such funds to Developer on the date of issuance of such Certificates of Occupancy, less an administrative charge for processing such refund in an amount equal to one percent of the refund amount. D. Shuttle Service. Except as provided below, Devefoper sha11 provide a shuttle service.for residents of the Project for 10 years from the date of issuance of the first Certificate of Occupancy for the Project. The shuttle service shall be in aceordance with the plan for service approved by the City's Cornmunity Development Director and shall outline the type and number of shuttles which will provide transportation for the residents of the Project; the shuttle schedule, route, _ .-- -__ __ . . . and hours and days of operation; and, other necessary details as de#ermined by the Community Development Department. Deveioper shalf provide a shuttle service for the Senior Housing Component for 30 years from the date of ~issuance of the first Certificate of Occupancy for the Senior Housing Component. Development Agreement - Exhibit B Page 11 of 12 Fairway Ranch 628317-14 . ~ '. . ~~ (~ (LV E. Survival. ~ The provisions of this Section 5.3.7 shall survive the expiration of the term of the Agreement. Development Agreement - Exhibit B Page 12 of 12 Fairway Ranch 628317-14 ~~~~ ,'~ . INCLUSIONARY ZONING REGULA s NS ~...~ .... . ,.. . . . ,.Chapter 8,68 , CHAPTER 8.68 INCLUSIONARY ZOl~iING REGULATIONS 8.68:010. Purpose: The puxpose of this chapter is to: A. enhance the public welfare and assure that further housing development contributes to the attainrnent of.the City's housing goals by increasing the production of residential units affordable by households of very-low-, Iow-, and moderate income. B. assure that the limited remaining developable land in the City's plaauiing area is utilized in a manner consistent with the City's housing policies and needs. 8:68.020. De~nitions. As used in this chapter, each of the foliowing terms shall be defined as follows: A. "Affordable Unit" means an ownership or rental-housing unit, including senior housing, affordable to households with very-low-, low~, or moderate incomes as defined in this chapter. Rental uriits are deemed affordable units if the asuiual rent does not exceed 30% of maximum income level for very-low-, low-, and moderate=income households, adjusted for household size and as defined below. 2. Ovvr~er-occupied units are deemed affordable units if the sales price results in annua,l housing expenses that do not exceed 35% of maximum income leveL for very-low-, low-, and moderate-income households, adjusted for household size and as defined belou~. 3. "Applicant" means any person; firm;~partnership, association, joint venture, corporation, or any entity or combination of entities that seeks city real property development permits or approvals. C. "Dwelling uriit'.' means a dwelling designed and intended for occupancy by one household. D. "Very-low-, low-, and moderate-income levels" means those income and eligibility levels determined periodically by the California Department of'Housing and Community Development based on Alameda County median income levels adjusted for family size. Such levels sha11 be calculated on the basis of gross annual household income considering household size and number of dependents, income of all wage earners, elderly or disabled family members, and all other sources of household income and will be recertified as set forth by local standards, and state arid federal housiiig law. "Very-low income". means 50% or less of the median income, adjusted for actual household size. ~ 2. ``Low income" means more than 50% to 80% of the median income, adjusted for actual : _--._.--_..._ ._ ..... . ...... .. ... household size. 3, "Moderate income" means more than 80% to 120°~0 of the rnedian income, adjusted for actual household size. E. "Resale controls and/or rent restrictions" means legal restrictions by which the affordable units shall ~~ be restricted to ensure that the unit remains affordable to very-low , low-, or moderate-income ' ~ . . .. a, n. .~..,..... ..r..:v . ...:.,.. ~ ~ . .,, -.. , ...„......: ~ . ~.. C/ty of Dublln Zonfng Ordinance 68-1 , September~ 1997 ~ Revised_January 2003 ' ~ ~, ~~ tNCLUSIOt~ARYZONING RE ~q~~ GULATIOf~S ~ ,.'. C;hapter 8.68 _ , ... households, a.s applicable, for a period of not less than 55 years. With respect to rental~uriits,~such ' rent restrictions shall be in the form of a regulatory agreement recorded against the applicable praperty. With respect to owner-occupied units, such resale cantrols shall be in the form of resale restrictions, deeds of trust, and/or other similar documents recorded against the applicable property F. "Residential development" includes, without limitation, detached single-family dwellings, multiple- dwelling structures, groups of dwellings, condominium or townhouse developments, condominium conversions, cooperative developments, mixed use developments that include housing units, and residential land subciivisions intended to be soid to the general public. 8.68,030. General Requirements A. 12.5%o Affordability Requirement. All new residential development projects of 20 units or more designed and intended for permanent occupancy shall construct 12.5% of the tatal number of dwelling units within the development as affordable units, except as otherwise provided by this chapter. The foregoing requirement shall be applied no more than once to an approved development (and generally at the tentative map stage), regardless of the changes in the character or ownership of the development, provided the total number of units does not change. In applying and calculating the affordability requirement, any decimal fraction less than or equal to 0.50 may be disregarded, and any decimal fraction greater ihan 0.50 shall be construed as ane unit. B. Allocation of Units #o Income Levels. Affordable units provided pursuant to this section shall be ,~ allocated to households with very-low, low-, and moderate-income levels as follows: Very-Iaw-income households 30% Low-income households 20% Moderate-income households 50% Where the calculation of the allocation results in fewer units that would otherwise be required pursuant to subdivision A above, one additional unit should be allocated to the income level with a decimal fraction closest to 0.50. C. Conditions af Approval: Any tentative map, conditional use permit, or site development review . _ approving residential development projects subject to this chapter shall contain conditions su~cient to ensure compliance with the provisions of this chapter. Such_ conditions sha11 detail the number of affordable units required, specify the schedule of construction of affordable units, set forth the appiicant's manner of compliance with this chapter, and require the execution of a:n agreement , imposing appropriate resale controls and/or rental restrictions on the affordable uruts. D. Concurrent Construction. All affordable units in a project or phase of a project shall be constructed concurrently with market-rate units, unless the City Manager determines in writing that extenuating circumstances exist that make concurrent construction infeasible or impractical: E. Design and Distribution of Affordable Units. All affordable units shall reflect the range of numbers of bedrooms provided in the project as a whole and shall not be distinguished by exterior design, construction, or~materials. Affordable. units may be of smal3er size than the units in tlie project City of Dublin Zoning Ordlnance 68-2 . Septeinher, 1997 Revlsed_January 2003 ~ INCLUSIONARY ZON{NG REGU~A~T~O`NS~, : Ch.apter 8.68 . and may have fewer amenities than the marke# rate units in the project. All affordable units shall be reasonably dispersed throughout the project. 8.68.040. Exceptions to 12.5% Affordability Requirement. Developers of projects subject to 8.68.030.A shall construct 1~.5% of the total number of dwelling units within the development as affordable units; unless subject ta an exception set forth in this section, All exceptions require City Council approval, which shall be obtained at or prior to the last discretionary~approval for the project. A. Payment of Fees In-Lieu.of Creation of Affordable LTnits. Upon request af the applicant, the City Council shall permit the applicant to pay a fee in lieu of constructing up to 40 percent of the affordable units that the developer would otherwise be required to construct ~pursuant to section 8.68.030:A. 'The amount of the fee shall be as set forth in a resolution of the City Council, which may be amended from time to time to reflect inflation and changed conditions in the City and the region. In-lieu fees shall be paid at and Yhe time and in the amourit set forth in the in-lieu fee resolution in effect at the time of issuance of the building permit. B. ~ff-Site Projects. An applicant may construct the affordable unita not physically within the development in lieu of constructing some or all of the affordable units within the development, with the approval of the City Council, if the City Council finds: . that construction of the units off-site in lieu of constructing units on-site is consistent with the chapter's goal of creating, preserving, maintaining, and protecting housing for very low-, low- and moderate-income households. ' 2. that the units to be constructed off site are consistent with section 8.68.030.E above that it would be infeasible or impractical to construct affordable units on-site. 4. that conditions of approval for the project require that the aff-site affordable units would be governed by the terms of a deed restriction and, if applicable, rental restrictions similar to that used for the on-site affordable units. that the conditions of approval for the project, ar other security such as a cash deposit, bond, or let~er of credit, are adequate to require the construction of the off-site affordable units concurrently with the completion of the construction of the residential development or within a reasonahle period (not to exceed 5 years). C. Land Dedicatian._ An applicant may dedicate Iand to the City or city-designated local non-profit housing developer in lieu of construction of some or all of the required affordable units, if the council finds that: 1, that dedication of land in-lieu of constructing units is consistent with the chapter's goal of -- _ creating, preserving, maintaining, and protecting housing ~or very-low, low- and moderate- income households. 2. that the dedicated land is large enough and appropriately zoned to accommodate the number of units that the applicant would otherwise be required to construct by section 8.68,030.A, is useable for its intended purpose, is free of toxic substances and contaminated soils, and is Clty of Dublin Zoning Ordlnance . 68-3 September, 1997 ' Revised_January 20Q3 . , si ~ ~ . ' INCLUSIONARY ZONING REGULATIONS : ` ;::> .. C.hapter 8.68 - .--- .. .. .. ;... . . ...... . ,.. . .._. . ' fully improved, with irifrasf,i-ucture, ~adjacent utilities, grading, and all developmenf-impact fees paid excluding. any inclusionary zoning ordinance fees. that the proposed land dedication is of sufficient size to meet the f.ollowing requirements: a. the dedication includes land sufficient to construct the number of units that t,he applicant would otherwise be required to construct by Section 8.68.030.A, based ori the size of lots in the subdiyision for which the applicant is meeting its obligation; and ~,~ b. in addition, the dedication includes such additional land the market value for which is equal to or exceec~s the difference between the value of a market-rate 1200-square foot unit and the price at which such a unit could be sold as an Affordable Unit ($72,176) times the number of units required. D. Credit transfers. An applicant may fully or partially satisfy the requirements of section 8.68.030.A through the use of trarisfer credits created pursuant to section 8.68.060. Credit certificates shall be presented to tlie Community Development Director, who shall note at the time of proj ect approval the cr.edit certificate by number. Credit certificates may only be used to satisfy the requirements for Inclusionary Units for the income category (i.e., very low, low, or moderate) and number of bedrooms for which they are issued, E. Waiver of Requirements. The City Council, at its discretion, may waive, wholly or paxtially, the requirements of this ordinance and approve alternate methods of compliance with this chapter if the applicant demonstrates, and the City Council finds, that such alternate methods meet the purposes of this chapter. 8.68.OSQ. General Procedures for Implementing Inclusionary Zoning Requirements A, Agreements. Prior to the~ issuance of a building permit for an affordable unit, resale restrictions or renta.l controls, or both, as the case may be, shall be set forth in an agreement between the City a.nd the developer, in a form consistent with the City Council-adopted form agreement, which agreement shall be recorded against the property containing the affordable units. The agreement shall be executed by the City Manager, and its requirements sha11 run with the land and bind the ~,pplicant's successors. B. Rental Units; Occupancy; Annual Report. Agreements involving rental units shall require the owner of the affordable units to ensure that the units are occupied by tenants whose monthly income levels do not exceed moderate income levels and stlall preclude tenants froin subletting or subleasing the unit. The agreemenf shall also require the owner of the affordable unit to submit an annual. report to the City Manager, in a format approved by tlle City. The report shall include, but not be limited to the following information: an identification of the affordable units within the project; the monthly rents charged and proposed to be charged; vacancy information for the prior yeara and the montlily income for tenants. of each affordable unit throughout the prior year. C. . Ownership Units; Occupancy; City's Righf of First Refusal. Agreements for ownership units . shall specify that the inclusionary units must be occupied by the owner or owners and may not be leased or rented without the written appro~al of the City. The resale restrictions sha11 provide that in Clty of Dublin Zonfng Ordinance 68-4 ~ September, 1987 ~ Revfsed_Jarruary 20Q3 ~ ~ ~~~~ INCLUSIONARY ZONING REGULATIOPJS Chapter 8.68 . '~ tlie event of the sale of an affordable unit, the City sha11 have the right to purchase ariy at'~'ordable owner-occupant unit at the maximum price that could be charged to an eligible household. _: D. Selection Criteria. No household shall be permitted to occupy a unit that is required under this chapter to be affordable unless the City or its designee has approved the household's eligibility. , Eligible potential occupants of affordable units will be qualified on the basis of household income, the median combined household income statis~ics for Alameda County published periodically by the Californ.ia Department of Housing and Community Development, all sources of household inco.me and assets, the relationship between household size and the size of available units, and any further criteria required by law: Tlie developer shall use axl equitable selection method estal~lished in conforrnance with the terms of this chapter. The selection criteria may not distinguish between adults and children. Selection of qualified person should be based on priorities estabiished in the City's Affordable Housing Program as noted below: ^ Employed within the boundaries of the City of Dublin (3 points, one per household) ^ Public Service employee working in the City of Dublin (1 additional point) ^ Dublin resident (3 points, one per household) d Seniors (1 point, one per household) ° Permanen~ly disabies (1 point, one per household) To qualify as "Employed within the boundaxies of the City of Dublin," the person shall have been employed with the City of Dublin for at least six months. To qualify as a"Dublin resident," the person shall have been a resident of the City of Dublin for at least a one-year period prior to the eligibility determinatiori. 8.68.060. Affordable Unit Credits. A. Creation. Affordable unit credits may be created by the City Council. One af£ordable unit credit certificate shall be issued for each affordable unit constructed in excess of the number of affordable units required to be constructed for the project by Section 8..68.030.A. The certificate sha11 designate a specific incorrie category (i.e., very-low-, low-, or moderate income) and number of bedrooms for wluch they are issued. , B. Owriership and use of credits: Affordable unit credit certificates are issued to and become the possession of the pro~ect owner, who may then use them to satisfy the requirements of this chapter for anotfier project in the City. If a project owner proposes.to sell~credit certificates, the parties shall first obtain the consent of the Community Development Director, who will document the.transfer by . certificate nu.mber. 8.68.070. Incentives to Encourage 4n-Site Construction of Affordable Units. The City may, but shall not be required to, offer incentives or financial assistance to encowage the on-site construction of affordable units in. excess of 12.5% of the total number of units in the project to, the extent resources for this purpase are available and approved for such use by the City Council or City ~ Manager. Such incentives may include, but sha11 not, be limited to, the following: Clty of Dublln Zon/ng Ordfnance 68-5. ~ September;1997 Revised_January 2003 : , ~~~ ~ ` . ` iNCLUSIUNARY ZONING REGULATIONS Ch~pter 8.68 ' A. ` Fee Deferral. . _ , ~ ~Development Processing Feas. The City Manager may approve deferred payxnent of City processing fees applicable to the review and processing of the project. The terms and payment schedule of the defarred fees shall be subject to the approval of the City Manager. 2. Development Impact Fees. The City Council may authorize the defened payment of development impact fees applicable to the affordable units. Approval of this incentive . requires demonstration by the Applicarit that the deferral increases the project's feasibility. The applicant must provide appropriate security to ensure future payment of such fees. B. Design Modi~cations. The City Council may approve deszgn modifications to affordable units that increase the feasibility of the construction of affordable units, including but not Iimited to, the following: 1. Reduced lot size, 2. Reduced setback requirements. Reduced open space requirements. 4. Reduced landscaping requiremerits. 5. Reduced interior or exterior amenities. 6. Reduction in parking requirements. 7, Height restriction waivers. &.68.080. Inclusionary Zoning In-Lieu Fee Fund. In-lieu Fees shall be deposited into a fund known as the "Inclusionary Zoning In-Lieu Fees Fund" ("Fund"), A. Use. All monies in the Fund, together with any interest earnings on such monies ~less reasonable administrative charges, shall be used or cornmitted to use by the City for the purpose of providing very-low-, Iow-, and moderate-income ownership or rental housing in the City of Dublin. B. Annual report. The City Manager shall prepare an annual report to the City Council identifying the balance of monies in the Fund and the affordable units provided and any monies committed to providing very-low-, low-, and moderate-income housing. The annual report shall also inelude a review of administrative charges. 8.:68.Q90. Violations. It shall be unlawful for any person, firm, corporation, partnership or other entity that is subj ect to this ordinance pursuant to section 8.68.03 a.A to violate any provision or to fail to comply with any of the requirements of this chapter. A violation of any of the provisions or failing to comply with any of tl~e requirements of~this Chapter shall constitute a misdemeanor; except that notwithstandi.ng any other provisions of this Code, any such violation constituting a misdemeanor under this chapter, may in the discretifln of the enforcing authority, be charged and prosecuted as an infraction. Any person convicted of an infraction under the provisioris of this Code shall be punishable as provided by the Govemment Code of the State af California. Cfty of Dublin Zoning Ordinance 68-6 September, 1997 Revtsed_January 2~t1'3 ~ . ~ • ~ ~~° ~ ' INCLUSIONARY ZONlNG REGULATtOPlS ~ ~ Chapter.8.68 L 8;6~.1~00. Enforcement. ~4. General. The City IVlanager shall enforce this chapter, and its provisions shall be binding on all agents, successors, and assigns of an applicant. The City Manager may suspend or revoke any ~ building permit or approval upon finding a violation of any provision of this chapter. No land-use approval, building permit, or certificate of occupancy shall be issued for any residential development unless exempt from or in compliance with this chapter. The City may institute any appropriate legal actions or proceedings necessary to ensure compliance herewith, including, but not limited to, actions to revoke, deny, or suspend any permit or development approval. B. Excessive rents/Iegal action. . If the City Manager determines that rents in excess of tliose allowed by operation of this chapter have been charged to a tenant residing in an affordable unit, the .City may take appropriate legal action to recover, and the project owner sha11 be obligated to pay to the tenaiit, or to the City in the event the tenant cannot be located, any excess rents charged. 8.68.110. Appeals. Decisions of the City Manager under this Chapter rnay be appealed as proyided izl Chapter 8.136. ~ ;. , Cffy of Dublin Zoning Ordinance ~ ~ 68-7 . September;199T Revfsed January 2003 ~ . ~ ... ~ . C.ITY OF DU~LIN AFFORDA.BLE. tJNTT ~RBD~'I' CER~'IFICATE ~ Credit No. _. . Exh~ .= ,:. 5~ ~~ . :,,•. This Certificate is awarded-by the Gity of Dublir~ ("City'.') to the Lin Family (~hang Su- O-Lin, Hong Lien Li~ and Hong Yao Lin) .("Developer") ~.ursuazit to the Fairway Ranch Develapment Agreement dated between the City and the Developer, B.y .virtue of having cons~,ructed affordable hou5inp:in the:Fairway Ranch Project, _ Developer is ~ntitle.d to a.n af~~rdab;le unit credrt--in the.amourit of usiits. This certificate is effective as o~' , the date the eertificafe of oc.cup:anoy we.s is~sued for ,..., ._„(address and b~iilding numb.er): The credit certi~'icate will terminate on , which i~ thirty (30) years after its effective date. Developer may use these credits to satisfy the requirements of the Inclusionary Zoning Regulations for any residential developrnent consisting of up to a m~imum of 2,655 units in the Affordable Unit Credit Pr~perty (E~ibit E of the Fairway Ranch Development Agreement), provided that Developer is in compliance with all requirements of the Fairway Ranch Development Agreement, the Regulatory Agreernents and the Loan Agreemant referenced in such development agreement. All other aspects af the credit which are not specified in this Credit Certificate shall be as provided in the Fairway Ranch Development Ab eement and Inclusionary Zaning Regulations which are at~ached to such agreement as Exhibit C. CITY OF DUB_LIN . . Date City Manager ~~ ~ ~~ ~ EXHIBIT E fi.~~~~R~I.Y'C"I{DI~ ~l?~'i'~t~l'~~I:, PIt1~P~R'FY' ~'A~LTI'+T ~'N~H . 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',; .. : '~ ; '~ ~ ~wR IVMY .~( yyy~ _ . °^~a~~~ ~~~RiMW~~''t • . . , . , . . .. . . , ~ ~ ~,,, ~ <; :~ ,. ~PB~LL ,. _ . ..: .~.. .. . :. . Sr., .. .,• _.. . ~ . . '. ., . . .; ~ ~::, r . .v\~.,. --, ..-~i~~ ~ .E ' 1 . _ . . . . . . . ..; . . . ' EXHIBIT E . .. . w = ~ . . . . . Y ; „R ~ ;..,. :. , ` r V kFFORDABLE UNIT CREDIT PROPERTY . . : ' ~ " ~~~ DUBLIN RANCH ~ : , - ~`~~~~ ~~Q*:~~ ~~~ ' PGEASAAf~QN: iCSA. 9~46~ ' . . ; {y9~'i~ ~25-Q~94: . ,.. _ _ _ _.._ . ._._ . _ ~cr~r:~•a~ au~:t~. . ~~r~~ .' . .. ,,..; .:. ca~; ~~ ~ ... a~~ ~:~ ~ _ ,~~~ t~a: a~a-~ a i~-m.mm . ,~e~s- .~,. t+~a~i-s . . :: .DR.A~'UWN . '. . : . _ ~~ llUBT..[N RANCH NOR"CH fIONG L1EN LIN FiONG YAO L1V APN 9850001-UOZ ,~ ~~+~'`+~3 m ~Y up~ ~ ~ .. ~'~r(it . :,, OS ... ntsf;, ~~_;:. F'~~tr'r~,? ;:^; jrr~ ° ~~~~~~_ ' ~§~~~~.U , .y ~~~ .~ ~ ry~ lt ~n {,~.~~ ~.,y ~ ' ~r"~"'i~~,~',7r, ~ ~'~,1rK ,, ~ ~~ ~ ~.~ c ,~ `''- ~w~ ~~ ~; fi .. . --~ :. ,._ _.. ~ ~c~~~~ ~, ';: ( t: ~en~ii~m~ Vurf~ C: Legend: ~ Affected Property ~ : Dublim"~r~&ii~'~ isi.* "a''~ t'\•• ~ _. ~ ~~ M ~ ; ~i S^ t t \ .~ ..~a' ' . ~ f~ r -,~ f ~ 1 r Ran ~ ry, ar a~r„ ~:r~..t ~ ~,.~~ \ J v RRA ~ ~ ~ r ..g~~ . /! '~' 'L~i ~ u.rtlFy~~~ , - - 1, v 4.'~y~. k My #`t ~ \ ::. S ~ ~ , t` ~ ~' ~ . i' :'~ ~i ~ql ~ .: . ( ~! T ~ w~ ~ t. ~ .]~~ k ~ .. ' \. ~ ~ : ^k ~x V i5i `- j ~i r~ ~ ~t °7,.~ .~~ M3 tx ~ ,~~~^ ~~y `~5 ,~, x ~' r ~~ I w v.~ ~ / e t r„~r ~~ ~a~~".~ t ~'~~ ~F .~" # """ j r F~ F~j:~4,~.'' 4 ~~; , ~;a . ~ a~.~.a~,. Vu ~z., v'~" ~ .4 ~~~~~r~a'T"5i ~ ~~'~v^'t.'~ '~" ad i '~ ~ f r '~o ~ i P~,~t ,~ r~~ ~ ~{,~r ~ 4t ~ ` ~ 4 . ~~r l 6` t Y ~~ "~ ~ c ,.`; gS~~ii.,C\y ~~~ ~~' ~ ~. et ~~: i~.;ya. .~e~ i~. ~~„ ; ..rr,~ ~,~;~'° ~ ~1,{at u ~.r .rr' ~ :;a~' ~.. . ~~ f ~''f Rt .~ ~`.,"1 i~ yt ST~ st f '~ ~1~X ~':;$ "`i ~,;, ' t,d" ,~ ~r ~~~~ .~..123 ~n ~ .. ~ ~ ~ksy ~ .~ ~ ~ !~ ~# , ~ ~~~ tL ~ i r ~ ~ f ,«~* ~ a ~, ... fr 1 i a~ '~ v ~.~.~ d f'r°:d\`~ ~ej,~. ~S~ .. >~ As..; ~' z s °~~'o ,, ~ 3 p ° ~' ~:~4{ ~°~, ~i 1~ Y ~O+ - ~ t "~. y s ~ „p„ ~ r'~, '~`~ a iw i r-1 .~ } d r. .' t ru ,. r ;~a~< ~~~''i~hhlJ ~~,".s ;,~. i~a+:~_,~~k+~j ~.. ~t' ~7"E ia ~ ~k,~a ~:.vg" ,,~.~,~ ~ ~ 3 ~, ~ rr ~~~. , , ~ , _ _ 3: ~ Y~a~ i~r .r~r-.~.~.~ ~ > .~ ~, t~ t ~~„'a e~ss .rd~~ ~ ' i i~';c~~ ~~ £iu i ~ . ~~` +c ~'~ ~ 2'~ 1k4,. ~ w~rl~t ~:a ~ ~~'t'1~~~lE~t ~~~ S~ k' e4i '~c 4 ~ i. y., {i ~{.~ t~ ~..a ~1~7~,hs ,y'~~,f~ ~~ ~~~ i'~'~ ~ ~~,~. ..;: ~d.~ ~`I P~f .~~ ~ ~~ 91_: t. S f ~yi~ ~ ~.°-,.. ~ _ ._ . ~s~-'~:. ~~ ".e ._..s~~ ~ _ ~ -, ~y'~ - i '1.. x a : .:5~~. ~ ez F1 ' `~'C Y Af ~~~w£'~ ,~~~ `iw~~~~ ~/ Exhibit F: a ~ ~-~- .- - ",.""~.'~,~""'°"~ _"" '~'--~ ~-~ I 58S _.~ _._ ,. .. ..._ _.~..._ ~----._._.~ Proaertv Exempt Fram Dubiin Comrnercia'IfLinkage Fee Dublin Ranch ~~$~ ~~ _„~. :~ ~ Msp1441C' ~~~~'iF~ a ~~~~k ~ ; ~ ~ ~ ~~Y~ ~~~ ~ i 1C'N ~~ ~~ ? ' . ~ ~ .. y V M 1 ... j ~J ~i p t :) ~ 05 . ..a ii^ ~~i i~X , ; S.; ~< ~ . .~;.~ , ~C . : f ........ . .. ~ .. .___..........._..__.. ~ t .. sI • 6~" ,. ~ " ` ~ . ... '~d< ,.,,, ds ,a. , - ~ ~; ". + , ; y~ ' n ,~ ~ ~ ~ ' ~ 5, " ~c~r~~ ~" ~ ~y~~ '~ ~ , ~p~ r .~ a~"~ ' Al Y . ~~~ ~ _:. v, ~, t~ L~:.~, ,~,sa~~'S~ .V ~ ich Aparhnent Site :~. -fW-ExA-F-COmmUnkFeeExemptProp . r ~5 9 ~ ~~i~~~r~~ ~'~ ri~ A ~ ~ 7 v '1 ~f _'P . :~ V~yUS' , ` ~YL'~i ,n t~M ~~9 .z r 5~~~~ 16034-2 3/1/05 B.C. Sheet 1 of 2 DESCIBIP"l'ION LANDS OF i.I1~I, ETElL SU~JEC'T'I"O'9'I~E MASTER DEVEI.OPIi'fEN'1C f4GR~E1i'IEPd'T WITI~ `TIHE Cl'~'Y O~' DUBI,iN ALL THAT CERTAIN R~AL PROPERTY SITUATED IN THE COUNTY OF ALAMEDA, STATE OF CALIFORNIA, MORI~ PARTICULARLY DESCRIBED AS FOLLOWS: PARCEL `A' (FORMER REDGWICK PROPERTY) REAL PROPERTY IN THE UNINCORPORATED AREA, COUNTY OF ALAMEDA, STATE OF CALIFORNIA, BEING THE NORTHWEST'/< OF SECTION 27, IN TOWNSHIP 2 SOUTH, RANGE 1 EAST, MOUNT DIABLO BASE AND MERIDIAN. APN 985-01-02 PARCEL `B' (FORMER WALLiS PROPERTY) REAL PROPERTY IN TH~ UNINCORPORATED AREA, COUNTY OF ALAMEDA, STAT~ OF CALIFORNIA, BrING THE LANDS OF CHANG SU-O L1N AS DESCRIB~D IN DOCUMENT SERIES NO. 82-001756, RECORDED JANUARY 6, 1982 AND AS SHOWN ON SHEET 4 OF RECORD OF SURVEY NO 1005, FILED FEBRUARY 1, 1993 IN BOOK 16 OF RECORD OF SlIRVEYS AT PAG~S 37 `CHROUGH 51, ALL IN THE R.ECORDS OF ALAMEDA COUNTY. APN 986-04-5-1 PARCEL `C' (EAST AND SOUTI-1 OP FAIRWAY RANCH) REAL PROPERTY IN THE C1TY OF DUBLIN, COUNTY OF ALAMEDA, STATE OP CALIFORNIA, BEING LOI~ 4, AS SAID LOT IS SHOWN ON THE MAP OF TRACT 7453, F1LED NOVEMBER 24, 20Q3, 1N BOOK 273 OF MAPS, AT PAGES 52 THROUGH 56; ALAMEDA COUNTY RECORDS. APN 985-27-09 PARCEL `D' (TOWN CENTER AND AREA `H') REAL PROP~RTY IN THE CITY OF DUBI,IN, COUNTY OF ALAMEDA, STATE OF CALIFORNIA, BEING PARCEL 3 AND PARCEL 9 AS SAID PARCELS ARE SHOWN ON THE MAP OF TRACT 7148, P1LED FEBRUARY 14, 2001, IN BOOK 257 OF MAPS, AT PAGES 3 THROUGH '7, ALAMEDA COUNTY RECORDS. APN 985-09-92 APN 985-09-15 PARCEL `E' (AREA `F') REAL PROPERTY iN THE CITY OF DUBLiN, COUNTY OF ALAMEDA, STATE OP CALIFORMA, BEING PARCELS 5, 6, 7, I5, 18 AND 19, AS SAID PARCELS ARE SHOWN ON THE MAP OF TRACT 7281, FILED SEPTEMBER 3, 2004, IN BOOK 27'7 OF MAPS AT PAGES 82 THROUGH 88. ALAMEDA COUNTY RECORDS. PTN APN 985-09-06, 07-03 PTN 985-27-08-6 END OF DESCRIPTION PREPARED BY: ROBERT CHAN DATE LICENSED LAND SURVEYOR NO. 5412 . (EXP. 9/30/06) STATE OF CALIFORNIA ~~ _ CIVIL EN6INEERING~LAND PIANNING~UWD SURVEIING 5142 Franldln DrNe~Sulte B. PleasaMOn, CA. 94588-3355 . ~ ~925) 225-0690 ~ YJXS1P~dY Gf'1ff 16034-2BC2-16-0SLandsOfLin.doc ~ ~, ~ PAGE 1 of 2 ~ z o 7. ~~~d 1138dW`d~ 085-i ~~~~~x ~~ss ,ooo~ )ooZ ,ooo~ ,0 ~ ~ ~ ~~ ~m _ _ .._. S _ . r- _ _ ~ ~ o S?J3N1~1'dd ('83 ~i , ~ m ~o l ~ ~ ° O li • .Z 7 Z~ z ~ Z ~D }2 I,I~ ~ ''~NI b'SOW2i0~-1'd,l0~; .~ ~ ~ o tl l l _ ~ ~ ~ ~ o c ~~~ ~ 3 13~~~d I - ~iy02~~ '0~ l~1Nb'~fdfl~ 3~111~ ~ Nd~1~13Wd 1S?JI~ \,;'~ d'l `il df102i~ '~NI `S3SI~d~31N3 NOlld~ Nd~OI ~ ~i~Od0~i8 ,- .Q.S.~.S. 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